Sanmina (NASDAQ:SANM) Lowered to Buy Rating by Wall Street Zen

Posted by Geri Gentry on Jul 19th, 2026

Wall Street Zen cut shares of Sanmina (NASDAQ:SANM – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Several other equities research analysts have also commented on SANM. JPMorgan Chase & Co. initiated coverage on Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Susquehanna initiated coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $160.00.

Check Out Our Latest Report on SANM

Sanmina Trading Down 0.4%

SANM opened at $197.24 on Friday. Sanmina has a twelve month low of $95.49 and a twelve month high of $288.68. The company has a fifty day moving average of $239.12 and a 200-day moving average of $184.67. The stock has a market cap of $10.57 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77.

Sanmina (NASDAQ:SANM – Get Free Report) last released its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. Sanmina’s revenue for the quarter 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 predict that Sanmina will post 9.36 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jure Sola sold 118,368 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total value of $27,087,333.12. Following the completion of the sale, the chief executive officer directly owned 1,227,573 shares of the company’s stock, valued at $280,917,805.32. The trade was a 8.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the transaction, the executive vice president directly owned 31,481 shares in the company, valued at approximately $6,868,209.77. This trade represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 156,509 shares of company stock worth $35,699,476 over the last 90 days. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sanmina

Institutional investors have recently modified their holdings of the company. Invesco Ltd. increased its stake in Sanmina by 22.0% during the 4th quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after purchasing an additional 481,588 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Sanmina by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after buying an additional 58,529 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Sanmina by 14.6% in the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock valued at $122,559,000 after buying an additional 120,164 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Sanmina by 57.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after buying an additional 278,465 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Sanmina by 17.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock valued at $109,907,000 after buying an additional 108,202 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

About Sanmina

(Get Free Report)

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.