Sanmina (NASDAQ:SANM) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Sanmina (NASDAQ:SANM) from a buy rating to a strong-buy rating in a report published on Saturday.

A number of other research firms also recently commented on SANM. Susquehanna initiated coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target on the stock. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Argus boosted their target price on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Sanmina Stock Up 2.5%

SANM stock opened at $223.27 on Friday. Sanmina has a 52 week low of $77.35 and a 52 week high of $230.56. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 0.86 and a beta of 1.50. The firm’s 50-day moving average is $147.92 and its two-hundred day moving average is $151.65. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77.

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

Insider Activity

In other news, Director Joseph G. Licata, Jr. sold 26,565 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the sale, the director owned 27,809 shares in the company, valued at $5,868,533.27. The trade was a 48.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the sale, the chief financial officer owned 87,076 shares in the company, valued at $13,871,206.80. This represents a 10.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,164 shares of company stock worth $7,896,740 over the last three months. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. grew its position in Sanmina by 36.6% during the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina during the third quarter valued at approximately $26,000. Employees Retirement System of Texas purchased a new position in Sanmina during the fourth quarter valued at approximately $39,000. Root Financial Partners LLC purchased a new position in Sanmina during the third quarter valued at approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Sanmina

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Zacks upgraded SANM to a Zacks Rank #1 (Strong Buy), signaling near‑term optimism around the company’s earnings trajectory — a blunt catalyst for momentum buyers and funds that follow Zacks rankings. What Makes Sanmina (SANM) a New Strong Buy Stock
• Positive Sentiment: Zacks also added SANM to its list of new Strong Buy additions for May 1 — reinforcing the upgrade and increasing the chance of inflows from rank-driven investors. New Strong Buy Stocks for May 1st
• Positive Sentiment: Sidoti raised multiple near‑term and FY EPS estimates (FY2026 and FY2027 raised, Q1–Q4 cadence nudged higher), implying analysts expect stronger earnings power going forward — supportive for valuation expansion. Sidoti estimate changes (MarketBeat summary)
• Positive Sentiment: A Yahoo Finance deep dive highlights demand from ZT systems integration and AI-related end markets as key drivers for SANM’s Q2 strength — a structural growth story that investors tend to reward. SANM Q2 Deep Dive: ZT Systems Integration and AI Demand Propel Sanmina’s Growth
• Positive Sentiment: Seeking Alpha notes Sanmina’s solid Q2 beat and argues the stock still looks reasonably valued versus FY26 estimates — narrative that can attract value and event‑driven buyers. Sanmina: Solid Q2 Beat, Stock Remains A Bargain
• Neutral Sentiment: Zacks style-score pieces (growth/value/momentum) highlight that SANM scores well across styles — useful context for different investor types but less of an immediate price catalyst than upgrades or estimate changes. Here’s Why Sanmina (SANM) is a Strong Growth Stock Why Sanmina (SANM) is a Top Value Stock for the Long-Term

Sanmina Company Profile

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.