Sanmina (NASDAQ:SANM) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Sanmina (NASDAQ:SANM) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Other analysts also recently issued research reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Bank of America lifted their target price on Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $94.50.

Sanmina Stock Performance

SANM opened at $129.25 on Friday. The business’s 50-day moving average price is $119.49 and its two-hundred day moving average price is $100.20. Sanmina has a 1 year low of $63.67 and a 1 year high of $160.25. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.11. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities analysts expect that Sanmina will post 5.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Sanmina

A number of institutional investors have recently bought and sold shares of SANM. Invesco Ltd. boosted its holdings in shares of Sanmina by 42.4% during the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after acquiring an additional 372,829 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Sanmina by 20.9% during the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after acquiring an additional 213,025 shares during the period. Global Alpha Capital Management Ltd. boosted its holdings in shares of Sanmina by 6.7% during the second quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock worth $85,004,000 after acquiring an additional 54,200 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Sanmina by 4.7% during the second quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker’s stock worth $73,296,000 after acquiring an additional 33,865 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Sanmina during the first quarter worth approximately $50,510,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.