Sanmina (NASDAQ:SANM) Cut to Hold at Zacks Research

Zacks Research lowered shares of Sanmina (NASDAQ:SANM) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. assumed coverage on Sanmina in a report on Monday. They issued a “neutral” rating and a $145.00 price objective for the company. Argus lifted their target price on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $150.00.

Sanmina Stock Up 0.4%

SANM stock opened at $130.18 on Monday. The stock has a market cap of $7.11 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. The firm’s 50-day simple moving average is $142.24 and its 200 day simple moving average is $144.91. Sanmina has a fifty-two week low of $63.67 and a fifty-two week high of $185.29. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75.

Sanmina (NASDAQ:SANM) last posted its 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 net margin of 2.47% and a return on equity of 13.06%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $1.16 EPS. Sanmina’s revenue 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, sell-side analysts predict that Sanmina will post 5.15 EPS for the current year.

Insider Buying and Selling at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $148.45, for a total value of $519,575.00. Following the completion of the sale, the executive vice president owned 33,981 shares in the company, valued at $5,044,479.45. This represents a 9.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David V. Hedley III sold 1,024 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total value of $166,205.44. Following the transaction, the director directly owned 6,340 shares of the company’s stock, valued at $1,029,045.40. This represents a 13.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 14,599 shares of company stock valued at $2,290,728. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sanmina

Several hedge funds and other institutional investors have recently bought and sold shares of SANM. Invesco Ltd. boosted its holdings in 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 buying an additional 372,829 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Sanmina by 10,472.1% in the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock valued at $1,266,000 after buying an additional 10,891 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Sanmina by 20.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock valued at $120,515,000 after buying an additional 213,025 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after acquiring an additional 27,384 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Sanmina during the 3rd quarter valued at $5,066,000. 92.71% of the stock is currently owned by institutional investors.

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.