Sanmina Corporation (NASDAQ:SANM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sanmina Corporation (NASDAQ:SANM) has been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $198.3333.

Several research analysts have weighed in on SANM shares. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. decreased their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th.

Sanmina Price Performance

Sanmina stock opened at $202.73 on Friday. Sanmina has a 52 week low of $108.36 and a 52 week high of $288.68. The company’s 50 day moving average price is $225.88 and its two-hundred day moving average price is $188.95. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The stock has a market cap of $10.87 billion, a P/E ratio of 36.27, a P/E/G ratio of 0.71 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.54. The company 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%.Sanmina’s quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the prior year, the company 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. On average, equities analysts predict that Sanmina will post 10.41 earnings per share for the current year.

Insider Transactions at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SANM. BlackRock Inc. bought a new stake in shares of Sanmina in the 2nd quarter worth approximately $1,390,702,000. Invesco Ltd. grew its holdings in Sanmina by 22.0% during the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after purchasing an additional 481,588 shares during the period. Geode Capital Management LLC grew its holdings in Sanmina by 3.7% during the fourth 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. Bank of America Corp DE increased its position in Sanmina by 14.6% in the first 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 during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Sanmina by 57.5% in the first 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 during the last quarter. 92.71% of the stock is owned by institutional investors.

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.