Sanmina (NASDAQ:SANM) Upgraded at Zacks Research

Zacks Research upgraded shares of Sanmina (NASDAQ:SANM) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

SANM has been the topic of a number of other research reports. Argus increased their target price on Sanmina to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $160.00.

Sanmina Stock Down 2.3%

Shares of NASDAQ SANM opened at $142.34 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70. Sanmina has a 1 year low of $63.67 and a 1 year high of $185.29. The stock’s 50-day simple moving average is $158.47 and its 200-day simple moving average is $138.33. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 0.66 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business posted $1.16 earnings per share. Sanmina’s revenue for the quarter was up 59.0% on a year-over-year basis. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, equities analysts anticipate that Sanmina will post 5.15 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Vishnu Venkatesh sold 692 shares of Sanmina stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total transaction of $103,260.24. Following the sale, the insider directly owned 23,500 shares in the company, valued at $3,506,670. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional Trading of Sanmina

Institutional investors have recently modified their holdings of the company. Optiver Holding B.V. lifted its stake in Sanmina by 36.6% during the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sanmina in the third quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in shares of Sanmina during the third quarter valued at approximately $34,000. TD Waterhouse Canada Inc. lifted its position in shares of Sanmina by 27.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 85 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in shares of Sanmina in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Company Profile

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.