Wall Street Zen Upgrades Sanmina (NASDAQ:SANM) to Strong-Buy

Key Points

• Sanmina's stock rating was upgraded from "buy" to a "strong-buy" by Wall Street Zen, indicating bullish sentiment for the company's future performance.
• Bank of America raised its target price for Sanmina from $100 to $120, maintaining a "neutral" rating amidst overall analyst consensus pointing to a "Hold" status.
• Sanmina's latest earnings report showed an EPS of $1.53, which exceeded expectations and reflected a year-over-year revenue growth of 10.9%.

Sanmina (NASDAQ:SANM - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Separately, Bank of America raised their price objective on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $94.50.

Sanmina Price Performance

SANM traded down $1.76 during trading hours on Friday, hitting $115.33. The company's stock had a trading volume of 125,850 shares, compared to its average volume of 516,560. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 1.72 and a beta of 1.21. The business's 50-day moving average price is $109.17 and its 200-day moving average price is $90.69. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. Sanmina has a 12 month low of $62.76 and a 12 month high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.11. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.98 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The business's revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Sell-side analysts expect that Sanmina will post 5.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sanmina

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its stake in Sanmina by 27.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker's stock worth $39,000 after acquiring an additional 85 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Sanmina by 1.5% in the second quarter. Bank of Montreal Can now owns 8,814 shares of the electronics maker's stock valued at $862,000 after purchasing an additional 128 shares during the period. Moloney Securities Asset Management LLC grew its stake in Sanmina by 3.9% in the second quarter. Moloney Securities Asset Management LLC now owns 3,668 shares of the electronics maker's stock worth $359,000 after purchasing an additional 138 shares in the last quarter. XTX Topco Ltd increased its holdings in Sanmina by 1.2% during the 1st quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker's stock worth $905,000 after purchasing an additional 140 shares during the period. Finally, Mariner LLC increased its holdings in Sanmina by 3.5% during the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock worth $341,000 after purchasing an additional 152 shares during the period. Institutional investors own 92.71% of the company's stock.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.