Sanmina (NASDAQ:SANM) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Sanmina (NASDAQ:SANM) from a strong-buy rating to a buy rating in a research note published on Sunday.

SANM has been the topic of several other reports. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Sanmina currently has an average rating of “Buy” and a consensus price target of $120.00.

Sanmina Trading Down 1.5%

Shares of SANM opened at $156.45 on Friday. The firm’s 50-day moving average is $134.06 and its two-hundred day moving average is $112.11. The firm has a market capitalization of $8.34 billion, a P/E ratio of 33.50, a PEG ratio of 1.43 and a beta of 1.17. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. Sanmina has a twelve month low of $63.67 and a twelve month high of $178.39.

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

Hedge Funds Weigh In On Sanmina

A number of institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Sanmina during the second quarter worth $234,000. First Citizens Bank & Trust Co. lifted its position in Sanmina by 198.1% during the second quarter. First Citizens Bank & Trust Co. now owns 8,430 shares of the electronics maker’s stock worth $825,000 after buying an additional 5,602 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in Sanmina in the 2nd quarter worth about $1,693,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Sanmina by 145.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,087 shares of the electronics maker’s stock valued at $889,000 after acquiring an additional 5,392 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Sanmina by 15.5% during the 2nd quarter. New York State Teachers Retirement System now owns 37,766 shares of the electronics maker’s stock worth $3,695,000 after acquiring an additional 5,066 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

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.