Sanmina Corporation (NASDAQ:SANM) Receives $198.33 Average Price Target from Analysts

Sanmina Corporation (NASDAQ:SANM) has received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $198.3333.

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Finally, Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st.

Sanmina Stock Up 2.8%

Shares of Sanmina stock opened at $221.89 on Monday. Sanmina has a 12-month low of $110.44 and a 12-month high of $288.68. The firm has a market capitalization of $11.89 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average is $199.90 and its 200-day moving average is $200.10.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.Sanmina’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter last year, the company posted $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Equities analysts anticipate that Sanmina will post 10.73 earnings per share for the current year.

Institutional Trading of Sanmina

Several hedge funds and other institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. acquired a new stake in Sanmina during the 2nd quarter worth about $251,000. MCF Advisors LLC grew its stake in Sanmina by 2,333.3% during the 2nd quarter. MCF Advisors LLC now owns 146 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Sanmina in the 2nd quarter valued at about $278,000. Engineers Gate Manager LP increased its holdings in shares of Sanmina by 45.2% in the 2nd quarter. Engineers Gate Manager LP now owns 17,398 shares of the electronics maker’s stock valued at $4,403,000 after purchasing an additional 5,416 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Sanmina in the second quarter worth approximately $102,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Company Profile

Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.