Sanmina (NASDAQ:SANM) Trading Up 7.9% After Analyst Upgrade

Sanmina Corporation (NASDAQ:SANM)’s stock price rose 7.9% during trading on Wednesday after Argus raised their price target on the stock to $200.00. Argus currently has a buy rating on the stock. Sanmina traded as high as $154.00 and last traded at $154.5020. Approximately 646,685 shares changed hands during trading, a decline of 19% from the average daily volume of 800,867 shares. The stock had previously closed at $143.19.

SANM has been the subject of a number of other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.00.

Insider Activity

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the transaction, the insider owned 23,500 shares of the company’s stock, valued at approximately $3,506,670. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.22% of the stock is owned by corporate insiders.

More Sanmina News

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Management said AI-driven demand is powering a strong start to 2026, supporting revenue and margin outlooks — a growth narrative investors value. Sanmina Earnings Call: AI Growth Fuels Powerful 2026 Start
• Positive Sentiment: Analysts (Argus) raised the price target to $200 with a Buy rating, signaling significant upside versus recent levels and reflecting confidence in multi-quarter growth potential. Argus raises price target to $200
• Positive Sentiment: Third‑party writeups (Zacks/MSN) emphasize Sanmina’s attractive value and growth profile — style-score and valuation pieces that can support longer-term buying interest. Here’s Why Sanmina is a Strong Growth Stock Top Value Stock for the Long-Term
• Neutral Sentiment: Sidoti issued a batch of estimate changes — a small cut to Q2 2026 EPS but several raises to FY/other quarter forecasts — showing analysts are recalibrating near-term vs. longer-term expectations. This creates mixed signals: long-term upgrades but near-term volatility. MarketBeat SANM summary (Sidoti notes)
• Negative Sentiment: Short‑term selling pressure and valuation concerns prompted by recent strong gains likely drove intraday weakness — AAII highlights a sharp short-term decline and points to profit‑taking and cyclical volatility as causes. Why SANM Stock Is Down 9.07%

Institutional Trading of Sanmina

Hedge funds and other institutional investors have recently modified their holdings of the business. Optiver Holding B.V. grew its stake in Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sanmina during the third quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in shares of Sanmina in the third quarter worth $34,000. Salomon & Ludwin LLC acquired a new stake in Sanmina in the third quarter valued at $41,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Sanmina by 27.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 85 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Performance

The company’s fifty day simple moving average is $158.99 and its two-hundred day simple moving average is $137.08. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.02 and a current ratio of 1.70.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The business’s quarterly revenue was up 59.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Equities research analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

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.