Sanmina (NASDAQ:SANM) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Sanmina’s price target from $270 to $230 but maintained a neutral rating; the new target implied 50.2% upside from the prior closing price.
• Sanmina’s latest quarter beat expectations, with EPS of $4.43 versus $3.27 expected and revenue of $3.86 billion versus $3.48 billion expected; revenue rose 84% year over year.
• The company forecast fiscal 2027 EPS of $15.50–$17.50 and revenue of $17.5 billion–$19.5 billion, citing growth in cloud and AI systems. Analyst ratings overall were mixed, with MarketBeat reporting a consensus Hold.

Sanmina (NASDAQ:SANM - Get Free Report) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $270.00 to $230.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the electronics maker's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 50.20% from the stock's previous close.

Several other research analysts have also recently issued reports on the company. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Sunday, October 11th. Weiss Ratings downgraded shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. Finally, Zacks Research downgraded shares of Sanmina from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Sanmina presently has a consensus rating of "Hold" and a consensus target price of $188.33.

Sanmina Stock Up 2.3%

Shares of SANM traded up $3.49 during trading hours on Tuesday, reaching $153.13. The stock had a trading volume of 2,442,054 shares, compared to its average volume of 882,367. The firm has a 50-day simple moving average of $192.37 and a 200 day simple moving average of $190.56. Sanmina has a 12 month low of $118.10 and a 12 month high of $288.68. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 0.40 and a beta of 1.72.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The electronics maker reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.27 by $1.16. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.48 billion. During the same period last year, the company earned $1.67 earnings per share. The business's revenue was up 84.0% on a year-over-year basis. Sanmina has set its Q1 2027 guidance at 3.500-3.850 EPS and its FY 2027 guidance at 15.500-17.500 EPS. Equities research analysts predict that Sanmina will post 10.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. BlackRock Inc. purchased a new position in Sanmina in the second quarter valued at approximately $1,390,702,000. Bank of America Corp DE bought a new position in shares of Sanmina during the 2nd quarter worth $189,012,000. Alyeska Investment Group L.P. grew its stake in shares of Sanmina by 365.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker's stock worth $127,569,000 after acquiring an additional 395,764 shares during the period. Hennessy Advisors Inc. grew its stake in shares of Sanmina by 13.9% during the 2nd quarter. Hennessy Advisors Inc. now owns 347,400 shares of the electronics maker's stock worth $87,920,000 after acquiring an additional 42,500 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Sanmina in the 2nd quarter worth about $87,522,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Sanmina News

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: For fiscal Q4 2026, Sanmina reported non-GAAP EPS of $4.43 versus $3.27 expected and revenue of $3.86 billion versus $3.48 billion expected. Revenue increased 84% year over year. SANM Q4 Earnings Beat Estimates on AI Growth, Strong Execution
• Positive Sentiment: Management forecast fiscal 2027 revenue of $17.5 billion–$19.5 billion and EPS of $15.50–$17.50, both above consensus. First-quarter EPS guidance of $3.50–$3.85 also exceeded analyst expectations. Sanmina outlines FY 2027 revenue as cloud and AI systems grow
• Positive Sentiment: AI and cloud systems demand is a key growth driver: one report cited 179% growth in those sales, while Sanmina’s core business also grew 19%. The company expects $7.5 billion–$9 billion in fiscal 2027 cloud and AI systems revenue. Sanmina stock jumps as core business backs AI earnings beat
• Neutral Sentiment: Potential restraint: Blockonomi reported that JPMorgan lowered its price target to $230, though the target remained above the share price cited in the background information. Sanmina stock jumps as core business backs AI earnings beat

About Sanmina

Sanmina Corporation is a provider of integrated manufacturing solutions for companies that develop complex electronic, optical, and electromechanical products. Its services span product design and engineering, supply-chain management, manufacturing, and logistics, as well as repair and other aftermarket support. The company serves customers in markets that include communications networks, cloud and data-center infrastructure, medical and life sciences, automotive, industrial equipment, and aerospace and defense.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.