Sanmina (NASDAQ:SANM) Upgraded at Wall Street Zen

Sanmina (NASDAQ:SANM) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Other research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Susquehanna started coverage on shares of Sanmina in a research note on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Sanmina in a research note on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Sanmina Trading Down 10.0%

Shares of NASDAQ:SANM opened at $252.08 on Friday. The company’s 50-day moving average price is $201.68 and its two-hundred day moving average price is $168.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. Sanmina has a one year low of $85.66 and a one year high of $288.68. The stock has a market capitalization of $13.51 billion, a PE ratio of 53.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping the consensus estimate of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. On average, equities analysts forecast that Sanmina will post 9.36 EPS for the current fiscal year.

Insider Activity at Sanmina

In related news, Director David V. Hedley III sold 500 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the transaction, the director owned 7,376 shares in the company, valued at approximately $1,619,179.52. This represents a 6.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer owned 77,000 shares in the company, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 156,509 shares of company stock worth $35,699,476 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ANB Bank grew its stake in Sanmina by 3.2% in the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after buying an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Sanmina by 5.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock valued at $136,000 after buying an additional 54 shares during the last quarter. Optiver Holding B.V. grew its stake in Sanmina by 36.6% in the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Park Avenue Securities LLC grew its stake in Sanmina by 2.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker’s stock valued at $487,000 after buying an additional 68 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Sanmina by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds 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.