Sanmina (NASDAQ:SANM) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Sanmina (NASDAQ:SANM) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

A number of other research firms have also weighed in on SANM. 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 report on Friday, July 11th. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $120.00.

Sanmina Trading Down 1.3%

SANM traded down $2.20 during midday trading on Friday, reaching $170.31. 767,550 shares of the company’s stock traded hands, compared to its average volume of 584,202. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 36.47, a P/E/G ratio of 1.43 and a beta of 1.17. Sanmina has a 52 week low of $63.67 and a 52 week high of $178.39. The firm has a fifty day moving average of $127.76 and a two-hundred day moving average of $107.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. On average, equities analysts anticipate that Sanmina will post 5.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in Sanmina during the third quarter valued at approximately $34,000. Salomon & Ludwin LLC bought a new stake in shares of Sanmina during the 3rd quarter valued at $41,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock valued at $28,000 after buying an additional 265 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings 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 buying an additional 85 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings 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 buying an additional 270 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.