Sanmina Corporation (NASDAQ:SANM) Given Consensus Rating of “Moderate Buy” by Brokerages

Sanmina Corporation (NASDAQ:SANM) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $150.00.

A number of brokerages have recently commented on SANM. Argus increased their price target on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Susquehanna assumed coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective for the company. Finally, Weiss Ratings downgraded Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th.

Insiders Place Their Bets

In related news, CEO Jure Sola sold 118,368 shares of the 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 sale, the chief executive officer directly owned 1,227,573 shares in the company, valued at $280,917,805.32. This represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total value of $5,606,011.95. Following the completion of the sale, the director owned 27,809 shares of the company’s stock, valued at $5,868,533.27. The trade was a 48.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 157,532 shares of company stock valued at $34,792,428 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sanmina

A number of institutional investors and hedge funds have recently bought and sold shares of SANM. Invesco Ltd. grew its holdings in Sanmina by 74.6% during the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after acquiring an additional 933,974 shares during the period. Norges Bank acquired a new stake in Sanmina during the 4th quarter worth about $101,751,000. Fisher Asset Management LLC grew its holdings in Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after acquiring an additional 483,312 shares during the period. Marshall Wace LLP grew its holdings in Sanmina by 520.3% during the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock worth $64,308,000 after acquiring an additional 359,441 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Sanmina during the 4th quarter worth about $53,430,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Stock Down 4.3%

Shares of SANM opened at $225.14 on Tuesday. Sanmina has a 52 week low of $78.43 and a 52 week high of $255.21. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 0.90 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. The stock has a fifty day moving average of $165.61 and a 200-day moving average of $159.21.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the company earned $1.16 EPS. Sanmina’s revenue was up 102.3% compared to the same quarter last year. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, sell-side analysts anticipate that Sanmina will post 9.36 earnings per share for the current fiscal year.

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.