Zacks Research Downgrades Sanmina (NASDAQ:SANM) to Hold

Sanmina (NASDAQ:SANM) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other equities analysts have also issued reports on SANM. JPMorgan Chase & Co. lowered their price target on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Finally, Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $198.33.

Sanmina Trading Up 1.2%

SANM opened at $222.73 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. Sanmina has a 52 week low of $111.52 and a 52 week high of $288.68. The stock has a market cap of $11.94 billion, a PE ratio of 39.84, a PEG ratio of 0.75 and a beta of 1.60. The business has a 50 day moving average of $201.36 and a 200-day moving average of $202.85.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The company’s quarterly revenue was up 69.7% on a year-over-year basis. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Equities research analysts predict that Sanmina will post 10.73 earnings per share for the current fiscal year.

Institutional Trading of Sanmina

A number of large investors have recently made changes to their positions in the stock. QRG Capital Management Inc. purchased a new position in shares of Sanmina during the second quarter valued at approximately $251,000. MCF Advisors LLC boosted its holdings in Sanmina by 2,333.3% in the second quarter. MCF Advisors LLC now owns 146 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 140 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Sanmina in the 2nd quarter worth approximately $278,000. Engineers Gate Manager LP grew its position in Sanmina by 45.2% in the 2nd quarter. Engineers Gate Manager LP now owns 17,398 shares of the electronics maker’s stock worth $4,403,000 after purchasing an additional 5,416 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Sanmina during the 2nd quarter valued at $102,000. 92.71% of the stock is currently owned by institutional investors.

About Sanmina

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.