Sanmina (NASDAQ:SANM) Stock Rating Upgraded by Zacks Research

Sanmina (NASDAQ:SANM) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research analysts have also issued reports on SANM. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Susquehanna started coverage on shares of Sanmina in a research note on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Sanmina presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Sanmina Stock Performance

Shares of SANM stock opened at $185.56 on Thursday. The company has a market capitalization of $9.95 billion, a P/E ratio of 33.19, a P/E/G ratio of 0.64 and a beta of 1.56. The business’s 50 day moving average is $231.54 and its two-hundred day moving average is $187.82. The company has a current ratio of 1.78, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. Sanmina has a 12-month low of $108.36 and a 12-month high of $288.68.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.Sanmina’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Analysts expect that Sanmina will post 10.41 EPS for the current fiscal year.

Insider Buying and Selling at Sanmina

In related news, CEO Jure Sola sold 118,368 shares of Sanmina stock in a transaction on 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 transaction, the chief executive officer directly owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This trade represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan P. Faust sold 10,076 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the transaction, the chief financial officer directly owned 77,000 shares of the company’s stock, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sanmina

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Sanmina in the third quarter valued at approximately $26,000. Employees Retirement System of Texas acquired a new stake in Sanmina during the fourth quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. raised its holdings in Sanmina by 182.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 219 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after buying an additional 259 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sanmina during the 4th quarter worth approximately $60,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Sanmina

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Strong Buy upgrade: Zacks upgraded Sanmina to Rank #1 (Strong Buy), citing growing optimism around earnings prospects and estimate revisions. Sanmina Upgraded to Strong Buy
• Positive Sentiment: Broad earnings estimate increases: Sidoti raised its FY2026 EPS forecast to $10.82 from $8.81, well above the current consensus of $9.36. It also increased its FY2027 estimate to $11.57 from $10.24 and lifted quarterly forecasts for Q4 2026 and Q1–Q4 2027. These revisions suggest analysts expect stronger profitability across Sanmina’s electronics manufacturing business. Sanmina analyst estimates
• Positive Sentiment: Growth and value recognition: Sanmina was included in Zacks’ Rank #1 Strong Buy lists for both growth and value stocks, reinforcing the stock’s appeal across multiple investment styles. Best Growth Stocks Best Value Stocks
• Positive Sentiment: Long-term earnings growth: Sidoti projected EPS of $13.93 for FY2028, following estimates of $11.57 for FY2027 and $10.82 for FY2026. The projections point to a continued earnings-growth trajectory, although they are forecasts rather than reported results.
• Neutral Sentiment: Zacks also highlighted Sanmina’s value characteristics and assessed whether the stock remains undervalued, but the article provided no new company operating data or specific valuation target. Is Sanmina Stock Undervalued?

About Sanmina

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.