Wall Street Zen Downgrades Sanmina (NASDAQ:SANM) to Buy

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

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Susquehanna assumed coverage on Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.00.

Sanmina Price Performance

Shares of Sanmina stock opened at $197.24 on Friday. 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 market cap of $10.57 billion, a PE ratio of 41.70, a P/E/G ratio of 0.76 and a beta of 1.56. The business has a 50 day moving average of $239.12 and a 200 day moving average of $184.89. Sanmina has a 52 week low of $95.49 and a 52 week high of $288.68.

Sanmina (NASDAQ:SANM) last announced its quarterly 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 analyst estimates of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm’s revenue was up 102.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 earnings per share. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, equities research analysts forecast that Sanmina will post 9.36 earnings per share for the current year.

Insider Activity

In related news, CFO Jonathan P. Faust sold 10,076 shares of the 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 completion of the transaction, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David V. Hedley III sold 500 shares of Sanmina stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $219.52, for a total transaction of $109,760.00. Following the transaction, the director directly owned 7,376 shares of the company’s stock, valued at approximately $1,619,179.52. This trade represents a 6.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 156,509 shares of company stock worth $35,699,476. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sanmina

Hedge funds have recently bought and sold shares of the business. ANB Bank lifted its holdings in Sanmina by 3.2% in the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 worth $136,000 after purchasing an additional 54 shares during the period. Park Avenue Securities LLC grew its holdings in Sanmina by 2.1% during 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in Sanmina by 1.6% during 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 in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of Sanmina by 2.0% during the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after buying an additional 71 shares during the last quarter. Institutional investors 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.