Sanmina (NASDAQ:SANM) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded Sanmina from a "buy" to a "strong‑buy," and other firms (e.g., Argus) have raised targets while coverage remains mixed among analysts.
• Sanmina posted a major beat with $3.16 EPS vs. $2.42 est. and revenue of $4.01 billion (up 102.3% year‑over‑year), and provided strong Q3 and FY2026 EPS guidance (Q3: 2.550–2.850; FY: 10.750–11.350).
• The stock is trading near $223 (52‑week range $77.35–$230.56) with a market cap of $11.97B, but the MarketBeat consensus remains a "Hold" with an average price target of $150.00.

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

Other research analysts have also issued research reports about the company. Argus increased their target price on Sanmina to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Weiss Ratings raised Sanmina from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Zacks Research lowered Sanmina from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Susquehanna initiated coverage on Sanmina in a research report on Wednesday, April 1st. They issued a "neutral" rating and a $135.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on Sanmina in a research report on Monday, March 30th. They issued a "neutral" rating and a $145.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $150.00.

Sanmina Stock Up 2.5%

Shares of NASDAQ:SANM opened at $223.27 on Friday. Sanmina has a 52-week low of $77.35 and a 52-week high of $230.56. The firm has a market capitalization of $11.97 billion, a P/E ratio of 47.20, a P/E/G ratio of 0.84 and a beta of 1.05. The stock has a 50 day moving average price of $147.92 and a 200-day moving average price of $151.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.71.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The business's revenue was up 102.3% compared to the same quarter last year. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, equities research analysts anticipate that Sanmina will post 9.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Alan Mcwilliams Reid sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $148.45, for a total value of $519,575.00. Following the sale, the executive vice president owned 33,981 shares in the company, valued at $5,044,479.45. This represents a 9.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David V. Hedley III sold 1,024 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total value of $166,205.44. Following the completion of the sale, the director owned 6,340 shares in the company, valued at $1,029,045.40. The trade was a 13.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 41,164 shares of company stock worth $7,896,740. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sanmina

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 180 Wealth Advisors LLC grew its stake in shares of Sanmina by 7.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,810 shares of the electronics maker's stock worth $235,000 after buying an additional 122 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Sanmina by 7,723.8% in the 1st quarter. Fifth Third Bancorp now owns 36,850 shares of the electronics maker's stock worth $4,777,000 after buying an additional 36,379 shares during the last quarter. Sovran Advisors LLC purchased a new stake in shares of Sanmina in the 1st quarter worth approximately $166,000. Equitable Trust Co. purchased a new stake in shares of Sanmina in the 1st quarter worth approximately $254,000. Finally, Hsbc Holdings PLC boosted its stake in Sanmina by 197.7% during the 1st quarter. Hsbc Holdings PLC now owns 5,367 shares of the electronics maker's stock valued at $685,000 after purchasing an additional 3,564 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina News Summary

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Zacks upgraded SANM to a Zacks Rank #1 (Strong Buy), signaling near‑term optimism around the company’s earnings trajectory — a blunt catalyst for momentum buyers and funds that follow Zacks rankings. What Makes Sanmina (SANM) a New Strong Buy Stock
• Positive Sentiment: Zacks also added SANM to its list of new Strong Buy additions for May 1 — reinforcing the upgrade and increasing the chance of inflows from rank-driven investors. New Strong Buy Stocks for May 1st
• Positive Sentiment: Sidoti raised multiple near‑term and FY EPS estimates (FY2026 and FY2027 raised, Q1–Q4 cadence nudged higher), implying analysts expect stronger earnings power going forward — supportive for valuation expansion. Sidoti estimate changes (MarketBeat summary)
• Positive Sentiment: A Yahoo Finance deep dive highlights demand from ZT systems integration and AI-related end markets as key drivers for SANM’s Q2 strength — a structural growth story that investors tend to reward. SANM Q2 Deep Dive: ZT Systems Integration and AI Demand Propel Sanmina’s Growth
• Positive Sentiment: Seeking Alpha notes Sanmina’s solid Q2 beat and argues the stock still looks reasonably valued versus FY26 estimates — narrative that can attract value and event‑driven buyers. Sanmina: Solid Q2 Beat, Stock Remains A Bargain
• Neutral Sentiment: Zacks style-score pieces (growth/value/momentum) highlight that SANM scores well across styles — useful context for different investor types but less of an immediate price catalyst than upgrades or estimate changes. Here's Why Sanmina (SANM) is a Strong Growth Stock Why Sanmina (SANM) is a Top Value Stock for the Long-Term

Sanmina Company Profile

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina's core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.

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