Sanmina Corporation (NASDAQ:SANM) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Sanmina “Moderate Buy”, with two buy ratings, one strong-buy rating and two holds. The average 12-month price target is $198.33.
• Sanmina reported quarterly EPS of $3.31, beating the $2.77 consensus estimate, while revenue reached $3.46 billion, up 69.7% year over year and above expectations.
• Institutional investors own 92.71% of the company, with BlackRock initiating a position valued at approximately $1.39 billion during the second quarter.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $198.3333.

SANM has been the topic of several analyst reports. Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Zacks Research upgraded shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th.

Sanmina Price Performance

Sanmina stock opened at $199.56 on Monday. The company has a market capitalization of $10.70 billion, a P/E ratio of 35.70, a P/E/G ratio of 0.68 and a beta of 1.60. The firm's fifty day simple moving average is $199.29 and its 200-day simple moving average is $198.41. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. Sanmina has a 1-year low of $110.44 and a 1-year high of $288.68.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business's revenue was up 69.7% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Sell-side analysts forecast that Sanmina will post 10.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sanmina

Several large investors have recently made changes to their positions in SANM. BlackRock Inc. bought a new position in Sanmina during the second quarter worth $1,390,702,000. Geode Capital Management LLC lifted its stake in shares of Sanmina by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock valued at $244,500,000 after buying an additional 58,529 shares during the period. Bank of America Corp DE lifted its stake in shares of Sanmina by 14.6% in the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker's stock valued at $122,559,000 after buying an additional 120,164 shares during the period. Vaughan Nelson Investment Management L.P. grew 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 buying an additional 278,465 shares in the last quarter. Finally, Norges Bank bought a new position in Sanmina during the fourth quarter valued at about $101,751,000. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Company Profile

Sanmina Corporation NASDAQ: SANM is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.

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