JPMorgan Chase & Co. Cuts Sanmina (NASDAQ:SANM) Price Target to $260.00

Sanmina (NASDAQ:SANM) had its target price reduced by JPMorgan Chase & Co. from $275.00 to $260.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the electronics maker’s stock.

A number of other equities analysts have also weighed in on the company. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. Finally, Susquehanna assumed coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $198.33.

Sanmina Price Performance

NASDAQ SANM opened at $183.48 on Tuesday. Sanmina has a 1 year low of $108.36 and a 1 year high of $288.68. The business’s fifty day moving average is $232.76 and its two-hundred day moving average is $187.84. The stock has a market capitalization of $9.83 billion, a P/E ratio of 32.82, a P/E/G ratio of 0.64 and a beta of 1.56. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.78.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The company’s revenue was up 69.7% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, research analysts forecast that Sanmina will post 9.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the sale, the chief financial officer directly owned 77,000 shares in the company, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jure Sola sold 118,368 shares of Sanmina stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total value of $27,087,333.12. Following the transaction, the chief executive officer directly owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This trade represents a 8.79% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sanmina

A number of large investors have recently made changes to their positions in SANM. Invesco Ltd. boosted its holdings in shares of Sanmina by 22.0% during the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock worth $400,273,000 after purchasing an additional 481,588 shares during the period. Geode Capital Management LLC increased its stake in Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after buying an additional 58,529 shares during the period. Bank of America Corp DE lifted its position in Sanmina by 14.6% in the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after buying an additional 120,164 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Sanmina by 57.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock worth $98,833,000 after buying an additional 278,465 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Sanmina by 17.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock valued at $109,907,000 after buying an additional 108,202 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

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.