Sanmina's (SANM) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• Sanmina has had its "Buy (B)" rating reaffirmed by Weiss Ratings, indicating strong confidence in the stock's performance.
• Other analysts, including Wall Street Zen, upgraded Sanmina to a "strong-buy" rating, while Bank of America raised its price target from $100 to $120.
• Sanmina reported a quarterly earnings per share (EPS) of $1.53, exceeding expectations, alongside a revenue of $2.04 billion, up 10.9% from the previous year.

Sanmina (NASDAQ:SANM - Get Free Report)'s stock had its "buy (b)" rating reissued by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on SANM. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Bank of America boosted their price target on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $94.50.

Sanmina Trading Up 7.2%

Sanmina stock opened at $134.68 on Wednesday. The business has a 50-day simple moving average of $117.89 and a two-hundred day simple moving average of $97.60. The company has a market cap of $7.18 billion, a P/E ratio of 28.84, a P/E/G ratio of 1.49 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.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. Northwestern Mutual Wealth Management Co. boosted its stake in Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock worth $28,000 after purchasing an additional 265 shares during the period. Banque Transatlantique SA bought a new position in Sanmina in the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd boosted its stake in Sanmina by 200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock worth $31,000 after purchasing an additional 270 shares during the period. TD Waterhouse Canada Inc. boosted 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 purchasing an additional 85 shares during the period. Finally, MAI Capital Management bought a new position in Sanmina in the 2nd quarter worth approximately $41,000. 92.71% of the stock is currently owned by institutional investors.

About Sanmina

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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