Sanmina (NASDAQ:SANM) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• Zacks upgraded Sanmina from "hold" to a "strong‑buy" and added it to its Strong Buy list, while analyst views remain mixed (Argus $200 target, JPMorgan/Susquehanna neutral at $145/$135) leaving a MarketBeat consensus rating of "Moderate Buy" and a $150 target.
• Sanmina reported a strong quarter with an EPS beat of $3.16 vs. $2.42 consensus and revenue of $4.01B (up 102.3% YoY), and provided Q3 FY26 guidance of $2.55–2.85 EPS and FY26 guidance of $10.75–11.35 EPS.
• Company insiders have sold material holdings recently (director and CFO sales totaling ~41,164 shares / ~$7.9M in the last 90 days), even as institutional ownership is very high (~92.7%) and several large funds have increased positions.

Sanmina (NASDAQ:SANM - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Argus boosted their target price on shares of Sanmina to $200.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday. JPMorgan Chase & Co. started coverage on Sanmina in a report on Monday, March 30th. They set a "neutral" rating and a $145.00 target price for the company. Susquehanna started coverage on shares of Sanmina in a research report on Wednesday, April 1st. They issued a "neutral" rating and a $135.00 price objective for the company. Finally, Weiss Ratings raised shares of Sanmina from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.00.

Sanmina Stock Performance

NASDAQ:SANM opened at $223.27 on Thursday. The firm's fifty day moving average price is $147.92 and its 200 day moving average price is $151.46. Sanmina has a 1-year low of $77.35 and a 1-year high of $230.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.04. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the firm posted $1.16 EPS. Sanmina's quarterly revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. On average, sell-side analysts expect that Sanmina will post 9.36 EPS for the current year.

Insider Activity at Sanmina

In related news, Director Joseph G. Licata, Jr. sold 26,565 shares of Sanmina stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the sale, the director directly owned 27,809 shares in the company, valued at $5,868,533.27. The trade was a 48.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the sale, the chief financial officer owned 87,076 shares in the company, valued at approximately $13,871,206.80. This represents a 10.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,164 shares of company stock valued at $7,896,740 in the last ninety days. Company insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Sanmina

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock valued at $251,590,000 after purchasing an additional 933,974 shares during the last quarter. Norges Bank acquired a new position in shares of Sanmina during the fourth quarter worth approximately $101,751,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Sanmina during the third quarter worth approximately $61,946,000. Fisher Asset Management LLC lifted its holdings in shares of Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock worth $97,571,000 after buying an additional 483,312 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Sanmina by 520.3% during the fourth quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker's stock worth $64,308,000 after buying an additional 359,441 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina News Roundup

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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