Sanmina (NASDAQ:SANM) Stock Rating Lowered by Wall Street Zen

Key Points

• Sanmina was downgraded from a "strong-buy" to a "buy" rating by investment analysts at Wall Street Zen, indicating a slight shift in investment sentiment.
• The company's recent earnings report revealed $1.53 EPS, surpassing estimates of $1.42, along with 10.9% revenue growth year-over-year, suggesting strong financial performance.
• Despite the downgrade, several analysts continue to maintain a buy or hold rating on Sanmina, with a consensus target price of $94.50.

Sanmina (NASDAQ:SANM - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

SANM has been the topic of a number of other reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Sanmina in a report on Wednesday. Bank of America raised their price objective on shares of Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $94.50.

Sanmina Price Performance

Sanmina stock opened at $122.71 on Friday. The firm has a market cap of $6.54 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19. Sanmina has a 52-week low of $63.67 and a 52-week high of $160.25. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $118.41 and its two-hundred day moving average is $98.25.

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

Institutional Investors Weigh In On Sanmina

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in Sanmina by 42.4% during the 2nd quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker's stock worth $122,452,000 after acquiring an additional 372,829 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Sanmina by 20.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker's stock worth $120,515,000 after acquiring an additional 213,025 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in Sanmina by 6.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker's stock worth $85,004,000 after acquiring an additional 54,200 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Sanmina by 4.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker's stock worth $73,296,000 after acquiring an additional 33,865 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Sanmina during the 1st quarter worth $50,510,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

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.

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