Sanmina Corporation (NASDAQ:SANM) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst consensus is “Hold” for Sanmina, with three hold ratings and two buy ratings; the average 12-month price target is $198.33.
• Sanmina reported strong quarterly results, with EPS of $3.31 beating estimates of $2.77 and revenue rising 69.7% year over year to $3.46 billion.
• The stock opened at $188.74, below its 50-day and 200-day moving averages, while institutional investors own a substantial 92.71% of outstanding shares.

Shares of Sanmina Corporation (NASDAQ:SANM - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $198.33.

A number of equities analysts have recently weighed in on SANM shares. Zacks Research downgraded shares of Sanmina from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Sunday, October 11th. JPMorgan Chase & Co. reduced their price objective on Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. Finally, Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th.

Sanmina Stock Performance

SANM stock opened at $188.74 on Friday. The firm has a 50 day simple moving average of $205.57 and a 200 day simple moving average of $210.10. Sanmina has a 52 week low of $118.10 and a 52 week high of $288.68. The stock has a market cap of $10.12 billion, a P/E ratio of 33.76, a P/E/G ratio of 0.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data 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. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The company's revenue for the quarter was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Research analysts anticipate that Sanmina will post 10.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sanmina

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in shares of Sanmina in the 3rd quarter valued at approximately $4,416,000. Signal Advisors Wealth LLC acquired a new position in Sanmina in the third quarter worth approximately $290,000. Krilogy Financial LLC bought a new position in Sanmina during the third quarter valued at approximately $239,000. NorthCrest Asset Manangement LLC bought a new position in Sanmina during the third quarter valued at approximately $232,000. Finally, Monument Capital Management bought a new position in Sanmina during the third quarter valued at approximately $3,923,000. 92.71% of the stock is owned by hedge funds and other 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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