Sanmina (NASDAQ:SANM) Stock Rating Upgraded by Wall Street Zen

Sanmina (NASDAQ:SANM) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

SANM has been the subject of a number of other reports. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. reduced their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Sanmina Price Performance

SANM stock opened at $185.56 on Friday. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 0.65 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The company has a 50 day simple moving average of $231.54 and a 200 day simple moving average of $188.01. Sanmina has a 1 year low of $108.36 and a 1 year high of $288.68.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company’s quarterly revenue was up 69.7% on a year-over-year basis. During the same quarter last year, the business posted $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Research analysts anticipate that Sanmina will post 10.41 EPS for the current fiscal year.

Insider Activity at Sanmina

In other news, CEO Jure Sola sold 118,368 shares of Sanmina stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the transaction, the chief executive officer owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. The trade was a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan P. Faust sold 10,076 shares of the business’s stock in a transaction on 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 represents a 11.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SANM. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sanmina by 21,174.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock worth $3,831,000 after acquiring an additional 25,409 shares during the period. Geode Capital Management LLC increased its position in Sanmina by 3.7% during 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 purchasing an additional 58,529 shares during the period. Legato Capital Management LLC acquired a new stake in Sanmina during the 4th quarter valued at approximately $1,233,000. Fisher Asset Management LLC increased its position in Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after purchasing an additional 483,312 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Sanmina by 57.5% during 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 purchasing an additional 278,465 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina News Roundup

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Strong Buy upgrade: Zacks upgraded Sanmina to Rank #1 (Strong Buy), citing growing optimism around earnings prospects and estimate revisions. Sanmina Upgraded to Strong Buy
• Positive Sentiment: Broad earnings estimate increases: Sidoti raised its FY2026 EPS forecast to $10.82 from $8.81, well above the current consensus of $9.36. It also increased its FY2027 estimate to $11.57 from $10.24 and lifted quarterly forecasts for Q4 2026 and Q1–Q4 2027. These revisions suggest analysts expect stronger profitability across Sanmina’s electronics manufacturing business. Sanmina analyst estimates
• Positive Sentiment: Growth and value recognition: Sanmina was included in Zacks’ Rank #1 Strong Buy lists for both growth and value stocks, reinforcing the stock’s appeal across multiple investment styles. Best Growth Stocks Best Value Stocks
• Positive Sentiment: Long-term earnings growth: Sidoti projected EPS of $13.93 for FY2028, following estimates of $11.57 for FY2027 and $10.82 for FY2026. The projections point to a continued earnings-growth trajectory, although they are forecasts rather than reported results.
• Neutral Sentiment: Zacks also highlighted Sanmina’s value characteristics and assessed whether the stock remains undervalued, but the article provided no new company operating data or specific valuation target. Is Sanmina Stock Undervalued?

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.