Sanmina (NASDAQ:SANM) Downgraded to “Buy” Rating by Wall Street Zen

Sanmina (NASDAQ:SANM) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other research firms also recently commented on SANM. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Susquehanna started coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.00.

Sanmina Stock Performance

Shares of Sanmina stock opened at $197.24 on Friday. The firm has a market capitalization of $10.57 billion, a P/E ratio of 41.70, a PEG ratio of 0.76 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average price of $239.12 and a 200 day moving average price of $184.67. Sanmina has a 52 week low of $95.49 and a 52 week high of $288.68.

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

Insider Buying and Selling

In other news, CEO Jure Sola sold 118,368 shares of Sanmina stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total value of $27,087,333.12. Following the sale, the chief executive officer owned 1,227,573 shares in the company, valued at $280,917,805.32. This trade represents 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 available through this link. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.17, for a total transaction of $218,170.00. Following the sale, the executive vice president directly owned 31,481 shares of the company’s stock, valued at $6,868,209.77. This represents a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,509 shares of company stock worth $35,699,476 in the last 90 days. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Sanmina

Several institutional investors have recently bought and sold shares of SANM. Caitong International Asset Management Co. Ltd purchased a new stake in Sanmina during the 3rd quarter worth approximately $26,000. Employees Retirement System of Texas purchased a new position in shares of Sanmina in the fourth quarter valued at approximately $39,000. CoreCap Advisors LLC acquired a new stake in shares of Sanmina in the second quarter worth approximately $76,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 219 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Sanmina by 235.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 259 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

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.