Sanmina (NASDAQ:SANM) Lowered to Hold Rating by Zacks Research

Sanmina (NASDAQ:SANM) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Argus upped their price target on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a report on Monday. They set a “neutral” rating and a $145.00 target price on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $155.00.

Sanmina Trading Up 4.5%

Shares of SANM opened at $129.64 on Monday. Sanmina has a fifty-two week low of $63.67 and a fifty-two week high of $185.29. The business has a 50-day moving average of $143.26 and a 200 day moving average of $145.01. The firm has a market cap of $7.08 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 0.56 and a beta of 1.01. 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 (NASDAQ:SANM) last released its quarterly earnings data on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, beating the consensus estimate of $2.15 by $0.23. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company’s revenue was up 59.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, research analysts forecast that Sanmina will post 5.15 EPS for the current year.

Insider Buying and Selling at Sanmina

In other news, Director David V. Hedley III sold 1,024 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the transaction, the director owned 6,340 shares of the company’s stock, valued at approximately $1,029,045.40. The trade was a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the completion of the transaction, the executive vice president owned 33,981 shares in the company, valued at approximately $5,044,479.45. This trade represents a 9.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,599 shares of company stock valued at $2,290,728 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in Sanmina by 42.4% in 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 raised its stake in shares of Sanmina by 10,472.1% during the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock worth $1,266,000 after acquiring an additional 10,891 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Sanmina by 20.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after acquiring an additional 213,025 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Sanmina in the 3rd quarter worth approximately $1,472,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Sanmina in 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.