Sanmina (NASDAQ:SANM) Stock Price Expected to Rise, Argus Analyst Says

Sanmina (NASDAQ:SANM) had its target price upped by stock analysts at Argus to $200.00 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Argus’ price objective points to a potential upside of 29.51% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.00.

Sanmina Stock Up 1.2%

SANM stock opened at $154.43 on Wednesday. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 0.72 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.02 and a current ratio of 1.70. The business’s 50-day moving average is $159.10 and its two-hundred day moving average is $136.82. Sanmina has a fifty-two week low of $63.67 and a fifty-two week high of $185.29.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company posted $1.16 EPS. The business’s quarterly revenue was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, analysts forecast that Sanmina will post 5.15 earnings per share for the current year.

Insider Buying and Selling

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total value of $103,260.24. Following the completion of the transaction, the insider directly owned 23,500 shares in the company, valued at $3,506,670. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.22% of the company’s stock.

Hedge Funds Weigh In On Sanmina

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its stake in Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after acquiring an additional 933,974 shares in the last quarter. Norges Bank bought a new position in shares of Sanmina during the 2nd quarter valued at about $63,671,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Sanmina during the third quarter valued at about $61,946,000. Hennessy Advisors Inc. bought a new stake in shares of Sanmina in the third quarter worth about $40,933,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Sanmina by 354.4% in the third quarter. Qube Research & Technologies Ltd now owns 371,270 shares of the electronics maker’s stock worth $42,737,000 after purchasing an additional 289,558 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Key Stories Impacting Sanmina

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Argus raised its price target on SANM to $200 and reiterated a Buy rating, implying ~30% upside versus current levels — a clear analyst endorsement that likely supported the rally. Argus price-target raise
• Positive Sentiment: Zacks published a bullish style-score/value piece arguing SANM is a top long-term value stock, which can attract value-oriented investors and support multiple expansion. Why Sanmina is a Top Value Stock
• Positive Sentiment: Seeking Alpha argued the post-earnings pullback creates an undervalued opportunity tied to Sanmina’s AI exposure — a narrative that can attract bargain hunters and thematic investors. Post-earnings crash presents AI opportunity
• Neutral Sentiment: Sidoti issued multiple near-term estimate revisions (mostly small upward tweaks to Q4 2026–Q2 2027 and Q1 2027), signaling confidence in near-term profitability, though these are incremental rather than transformational. Sidoti estimate updates
• Neutral Sentiment: Q1 2026 earnings call transcript is available for investors who want management color on demand trends, margins, and guidance assumptions — useful but not new market-moving data by itself. Earnings call transcript
• Negative Sentiment: Sidoti cut its Q3 2027 EPS projection in one note (from $2.62 to $2.49), a sign that some analysts see risk to longer-term cadence — mixed revisions can add volatility. Sidoti cut Q3 2027 estimate
• Negative Sentiment: Articles (e.g., Yahoo/MSN pieces) question whether SANM has “run too far” after its multi‑year rally, which could pressure momentum traders and prompt profit‑taking. Has Sanmina run too far?

About Sanmina

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.