Sanmina (NASDAQ:SANM) Shares Break Above Two Hundred Day Moving Average After Analyst Downgrade

Posted by on Sep 30th, 2026

Sanmina Corporation (NASDAQ:SANM – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a two hundred day moving average of $202.17 and traded as high as $226.57. Sanmina shares last traded at $220.06, with a volume of 431,129 shares.

Several other brokerages have also 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 1st. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sanmina has a consensus rating of “Hold” and an average target price of $198.33.

Check Out Our Latest Report on Sanmina

Institutional Trading of Sanmina

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Sanmina during the 2nd quarter worth $1,390,702,000. Geode Capital Management LLC boosted its stake in shares of Sanmina by 3.7% during 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 purchasing an additional 58,529 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Sanmina by 14.6% during the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after purchasing an additional 120,164 shares during 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 worth $98,833,000 after purchasing an additional 278,465 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Sanmina in the fourth quarter valued at approximately $101,751,000. Institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

The company has a 50 day moving average price of $201.36 and a 200-day moving average price of $202.85. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 0.75 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM – Get Free Report) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the company earned $1.53 EPS. The firm’s revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, equities research analysts predict that Sanmina Corporation will post 10.73 EPS for the current fiscal year.

Sanmina Company Profile

(Get Free Report)

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.

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