Sanmina (NASDAQ:SANM) Upgraded 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 Sunday.

Other analysts have also recently issued reports about the stock. Bank of America lifted their price objective on shares of Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $94.50.

Sanmina Stock Down 2.2%

NASDAQ:SANM opened at $129.70 on Friday. The company has a market cap of $6.91 billion, a PE ratio of 27.77, a P/E/G ratio of 1.37 and a beta of 1.19. Sanmina has a twelve month low of $63.67 and a twelve month high of $160.25. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $119.87 and its two-hundred day moving average is $101.07.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.11. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. Sanmina’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts anticipate that Sanmina will post 5.15 EPS for the current year.

Hedge Funds Weigh In On Sanmina

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings 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 purchasing an additional 265 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Sanmina during the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Sanmina by 200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Sanmina by 27.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 85 shares in the last quarter. Finally, MAI Capital Management purchased a new position in shares of Sanmina during the 2nd quarter valued at approximately $41,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

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.