Sanmina (NASDAQ:SANM) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Sanmina from “strong buy” to “buy,” while the broader analyst consensus is “hold” with a $198.33 target price.
• Sanmina recently reported strong results, with quarterly EPS of $3.31 versus the $2.77 consensus and revenue of $3.46 billion, up 69.7% year over year.
• The stock was trading at $229.04, up 3.2%, with a market capitalization of $12.28 billion; institutional investors own approximately 92.71% of its shares.

Sanmina (NASDAQ:SANM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

SANM has been the topic of several other reports. Weiss Ratings lowered shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. JPMorgan Chase & Co. cut their target price on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. Finally, Zacks Research cut 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $198.33.

Sanmina Trading Up 3.2%

NASDAQ SANM opened at $229.04 on Friday. Sanmina has a 12 month low of $113.71 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 stock has a 50 day moving average of $201.79 and a 200-day moving average of $204.33. The company has a market cap of $12.28 billion, a PE ratio of 40.97, a PEG ratio of 0.63 and a beta of 1.60.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the company earned $1.53 earnings per share. The firm's revenue for the quarter was up 69.7% on a year-over-year basis. 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, equities research analysts anticipate that Sanmina will post 10.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Sanmina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RFG Advisory LLC acquired a new position in Sanmina in the 2nd quarter valued at about $1,218,000. Bank of America Corp DE bought a new position in Sanmina in the 2nd quarter valued at about $189,012,000. Vaughan Nelson Investment Management L.P. lifted its position in Sanmina by 57.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker's stock worth $98,833,000 after acquiring an additional 278,465 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in Sanmina by 2,493.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 36,805 shares of the electronics maker's stock worth $4,771,000 after acquiring an additional 35,386 shares during the last quarter. Finally, Nicholas Investment Partners LP bought a new stake in shares of Sanmina during the second quarter worth approximately $5,011,000. 92.71% of the stock is owned by institutional investors.

Sanmina Company Profile

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.

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