Sanmina Corporation (NASDAQ:SANM) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Sanmina Corporation (NASDAQ:SANM) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $198.33.

SANM has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $224.77 on Monday. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 0.76 and a beta of 1.60. Sanmina has a 12 month low of $111.52 and a 12 month high of $288.68. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $200.93 and a 200 day moving average price of $201.50.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The company’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, equities research analysts predict that Sanmina will post 10.73 earnings per share for the current year.

Hedge Funds Weigh In On Sanmina

A number of large investors have recently bought and sold shares of the business. QRG Capital Management Inc. bought a new position in Sanmina in the 2nd quarter valued at $251,000. MCF Advisors LLC boosted its position in Sanmina by 2,333.3% in the 2nd quarter. MCF Advisors LLC now owns 146 shares of the electronics maker’s stock valued at $37,000 after buying an additional 140 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Sanmina during the second quarter valued at approximately $278,000. Engineers Gate Manager LP grew its stake in Sanmina by 45.2% in the second quarter. Engineers Gate Manager LP now owns 17,398 shares of the electronics maker’s stock worth $4,403,000 after purchasing an additional 5,416 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Sanmina during the 2nd quarter worth about $102,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

About Sanmina

Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.