Sanmina Corporation (NASDAQ:SANM) Stock Has Average Target Price of $198.33

Posted by on Oct 21st, 2026

Sanmina Corporation (NASDAQ:SANM – Get Free Report) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $198.33.

A number of research analysts recently commented on the company. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 11th. Finally, JPMorgan Chase & Co. cut their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th.

Check Out Our Latest Stock Report on SANM

Sanmina Trading Down 3.8%

Shares of SANM opened at $169.76 on Friday. The firm’s 50 day simple moving average is $203.92 and its 200 day simple moving average is $211.07. The company has a market capitalization of $9.10 billion, a P/E ratio of 30.37, a P/E/G ratio of 0.49 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. Sanmina has a 1-year low of $118.10 and a 1-year high of $288.68.

Sanmina (NASDAQ:SANM – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Sell-side analysts forecast that Sanmina will post 10.74 earnings per share for the current fiscal year.

Institutional Trading of Sanmina

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Sanmina in the second quarter worth $1,390,702,000. Bank of America Corp DE purchased a new stake in Sanmina during the second quarter valued at about $189,012,000. Alyeska Investment Group L.P. boosted its position in Sanmina by 365.4% during the second quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock valued at $127,569,000 after buying an additional 395,764 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake 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, Hennessy Advisors Inc. grew its stake in shares of Sanmina by 13.9% during the second quarter. Hennessy Advisors Inc. now owns 347,400 shares of the electronics maker’s stock valued at $87,920,000 after buying an additional 42,500 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

About Sanmina

(Get Free Report)

Sanmina Corporation is an electronics manufacturing services and integrated manufacturing solutions provider headquartered in San Jose, California. The company works with original equipment manufacturers to design, engineer, manufacture, assemble, test, and distribute complex electronic and mechanical products.

Its capabilities include printed circuit board assembly, backplanes, cable and wire harnesses, enclosures, precision machining, optical and radio-frequency components, and complete systems integration.

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Analyst Recommendations for Sanmina (NASDAQ:SANM)

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