Sanmina Corporation (NASDAQ:SANM) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Sanmina has a “Moderate Buy” consensus rating from five analysts, with two buys, one strong buy and two holds. The average 12-month price target is $198.33, while JPMorgan recently lowered its target to $260 and maintained a neutral rating.
• The company exceeded quarterly expectations, reporting $3.31 in EPS versus the $2.77 consensus and $3.46 billion in revenue versus $3.40 billion expected. Revenue increased 69.7% year over year, and Sanmina provided fiscal 2026 EPS guidance of $11.90–$12.20.
• Sanmina shares opened at $198.64, below their 52-week high of $288.68, while institutional investors own 92.71% of the stock. CFO Jonathan P. Faust sold 10,076 shares under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 11.57%.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $198.3333.

A number of equities research analysts recently commented on SANM shares. Zacks Research upgraded Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $198.64 on Thursday. The company has a market cap of $10.65 billion, a P/E ratio of 35.53, a P/E/G ratio of 0.67 and a beta of 1.59. Sanmina has a 52-week low of $110.44 and a 52-week high of $288.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The firm's fifty day moving average is $210.99 and its two-hundred day moving average is $192.64.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business's revenue was up 69.7% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts anticipate that Sanmina will post 10.41 EPS for the current fiscal 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 on Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Sanmina

Several institutional investors have recently bought and sold shares of the business. ANB Bank grew its position in Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker's stock worth $213,000 after purchasing an additional 51 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Sanmina by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker's stock valued at $562,000 after buying an additional 69 shares during the period. Vise Technologies Inc. boosted its stake in shares of Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker's stock worth $417,000 after buying an additional 71 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings 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 during the period. Institutional investors own 92.71% of the company's stock.

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.

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