JPMorgan Chase & Co. Issues Pessimistic Forecast for Sanmina (NASDAQ:SANM) Stock Price

Sanmina (NASDAQ:SANM) had its price target reduced by JPMorgan Chase & Co. from $275.00 to $260.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 58.44% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Susquehanna started coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sanmina presently has an average rating of “Hold” and a consensus price target of $198.33.

Sanmina Stock Performance

Shares of NASDAQ SANM traded down $44.80 during trading hours on Tuesday, hitting $164.09. 416,591 shares of the stock were exchanged, compared to its average volume of 941,078. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. The company’s 50 day moving average is $236.17 and its 200 day moving average is $187.39. The firm has a market capitalization of $8.80 billion, a P/E ratio of 34.90, a P/E/G ratio of 0.80 and a beta of 1.56. Sanmina has a one year low of $103.95 and a one year high of $288.68.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. Sanmina’s revenue was up 69.7% compared to the same quarter last year. During the same period last year, the business 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. On average, research analysts expect that Sanmina will post 9.36 EPS for the current year.

Insider Buying and Selling at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the transaction, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David V. Hedley III sold 500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 156,509 shares of company stock valued at $35,699,476 over the last quarter. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

A number of institutional investors have recently added to or reduced their stakes in the stock. ANB Bank raised its holdings in shares of 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 buying 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 valued at $136,000 after buying an additional 54 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after acquiring an additional 69 shares during the period. Vise Technologies Inc. grew its position in Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after acquiring an additional 71 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in Sanmina by 3.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock worth $295,000 after acquiring an additional 75 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

More Sanmina News

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Sanmina reported fiscal Q3 adjusted earnings of $3.31 per share, exceeding the consensus estimate of approximately $2.77–$2.78. Revenue rose 69.7% year over year to $3.46 billion, also ahead of the $3.40 billion consensus. Sanmina Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: The company raised or reaffirmed an upbeat outlook, projecting fiscal 2026 EPS of $11.90–$12.20, above the $10.83 analyst consensus. Fourth-quarter EPS guidance of $3.05–$3.35 also exceeds the $2.81 consensus, suggesting continued earnings momentum. Sanmina Surpasses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Management forecast fourth-quarter revenue of $3.3 billion–$3.6 billion and full-year revenue of $14.0 billion–$14.3 billion. These ranges are broadly in line with consensus revenue expectations, offering less of a positive surprise than the EPS outlook. Sanmina 2026 Q3 Results Presentation
• Negative Sentiment: Despite the earnings and guidance beats, the stock declined, indicating investors may have expected an even stronger outlook or are taking profits after a substantial run-up. Sanmina trades at a trailing P/E near 44, which leaves limited room for execution shortfalls or merely in-line revenue growth.

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.