Sanmina (NASDAQ:SANM) Raised to “Strong-Buy” at Zacks Research

Sanmina (NASDAQ:SANM) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Argus lifted their price objective on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $160.00.

Sanmina Price Performance

Shares of SANM stock opened at $145.69 on Tuesday. The business’s fifty day moving average is $158.74 and its 200 day moving average is $138.30. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 0.70 and a beta of 1.04. Sanmina has a twelve month low of $63.67 and a twelve month high of $185.29.

Sanmina (NASDAQ:SANM) last announced its 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. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company’s quarterly revenue was up 59.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Research analysts expect that Sanmina will post 5.15 EPS for the current fiscal year.

Insider Activity at Sanmina

In other news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Sanmina

A number of hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. boosted its holdings in shares of Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Sanmina during the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in Sanmina in the third quarter worth approximately $34,000. TD Waterhouse Canada Inc. grew its position in Sanmina by 27.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 85 shares during the period. Finally, MAI Capital Management purchased a new stake in Sanmina during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors 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.