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

Sanmina (NASDAQ:SANM) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $198.33.

Sanmina Price Performance

Shares of NASDAQ SANM opened at $222.73 on Monday. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 0.75 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. Sanmina has a fifty-two week low of $111.52 and a fifty-two week high of $288.68. The firm’s 50-day simple moving average is $201.36 and its 200 day simple moving average is $202.85.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping the consensus estimate of $2.77 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The company’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same period in the prior 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. As a group, research analysts anticipate that Sanmina will post 10.73 earnings per share for the current fiscal year.

Institutional Trading of Sanmina

A number of large investors have recently bought and sold shares of the company. RFG Advisory LLC bought a new position in Sanmina during the second quarter worth about $1,218,000. Geode Capital Management LLC increased its holdings in shares of Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after buying an additional 58,529 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Sanmina during the 2nd quarter valued at $189,012,000. Vaughan Nelson Investment Management L.P. grew 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 acquiring an additional 278,465 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in Sanmina by 2,493.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 36,805 shares of the electronics maker’s stock valued at $4,771,000 after acquiring an additional 35,386 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Company Profile

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.