Sanmina (NASDAQ:SANM) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Sanmina from “buy” to “strong buy,” though the broader analyst consensus remains “hold,” with a $198.33 average price target.
• Sanmina reported quarterly EPS of $3.31, exceeding estimates of $2.77, while revenue reached $3.46 billion and increased 69.7% year over year.
• The stock opened at $217.49, with a market capitalization of approximately $11.66 billion; institutional investors own 92.71% of the company.

Sanmina (NASDAQ:SANM - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. Zacks Research cut Sanmina from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Finally, Weiss Ratings lowered shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $198.33.

Sanmina Stock Performance

Sanmina stock opened at $217.49 on Friday. Sanmina has a twelve month low of $118.10 and a twelve month high of $288.68. The stock's 50 day moving average is $205.51 and its 200 day moving average is $207.64. The company has a market capitalization of $11.66 billion, a P/E ratio of 38.91, a PEG ratio of 0.61 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.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The business's quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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, equities research analysts predict that Sanmina will post 10.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sanmina

Several hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in Sanmina in the second quarter worth $25,000. Keating Financial Advisory Services Inc. acquired a new position in Sanmina in the 2nd quarter valued at about $31,000. NewEdge Advisors LLC bought a new position in Sanmina during the 2nd quarter worth $32,000. N.E.W. Advisory Services LLC acquired a new position in shares of Sanmina in the 2nd quarter valued at approximately $36,000. Finally, MCF Advisors LLC grew its stake in shares of Sanmina by 2,333.3% during the second quarter. MCF Advisors LLC now owns 146 shares of the electronics maker's stock worth $37,000 after buying an additional 140 shares during the last quarter. Institutional investors own 92.71% of the company's stock.

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.

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.