Sanmina (NASDAQ:SANM) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Sanmina shares crossed above their 200-day moving average, reaching $226.57 before closing at $220.06, compared with a 200-day average of $202.17.
• Analyst opinions were mixed, but Sanmina carries a consensus “Moderate Buy” rating with a $198.33 target price; JPMorgan lowered its target to $260 while Zacks Research upgraded the stock to “Strong Buy.”
• The company beat quarterly expectations with $3.31 in earnings per share versus the $2.77 estimate and $3.46 billion in revenue, up 69.7% year over year. Institutional investors own 92.71% of the stock.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $202.17 and traded as high as $226.57. Sanmina shares last traded at $220.06, with a volume of 431,129 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. dropped 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, Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Sanmina currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

Sanmina Stock Performance

The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 0.76 and a beta of 1.60. 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's 50-day moving average is $201.29 and its 200-day moving average is $202.17.

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, beating analysts' consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company's quarterly revenue was up 69.7% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, analysts predict that Sanmina Corporation will post 10.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Sanmina

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Sanmina during the 2nd quarter worth about $1,390,702,000. Geode Capital Management LLC grew its position in shares of Sanmina by 3.7% in the 4th 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 last quarter. Bank of America Corp DE acquired a new stake in shares of Sanmina in the second quarter valued at about $189,012,000. Alyeska Investment Group L.P. increased its stake in shares of Sanmina by 365.4% in the second quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker's stock valued at $127,569,000 after buying an additional 395,764 shares during the period. Finally, Norges Bank bought a new position in shares of Sanmina during the fourth quarter worth about $101,751,000. Institutional investors 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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