Sanmina (NASDAQ:SANM) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Sanmina (NASDAQ:SANM) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

Several other research analysts have also recently weighed in on the company. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. reduced their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Finally, Weiss Ratings lowered Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $198.33.

Sanmina Trading Up 1.2%

NASDAQ:SANM opened at $222.73 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The firm has a market cap of $11.94 billion, a P/E ratio of 39.84, a P/E/G ratio of 0.75 and a beta of 1.60. The firm has a 50-day simple moving average of $201.36 and a 200-day simple moving average of $202.85. Sanmina has a one year low of $111.52 and a one year high of $288.68.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business earned $1.53 EPS. The company’s revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Equities analysts anticipate that Sanmina will post 10.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Sanmina

A number of institutional investors and hedge funds have recently made changes to their positions in SANM. BlackRock Inc. purchased a new stake in shares of Sanmina in the second quarter valued at about $1,390,702,000. Geode Capital Management LLC increased its stake in shares of Sanmina by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after acquiring an additional 58,529 shares during the period. Bank of America Corp DE raised its holdings in Sanmina by 14.6% during the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after purchasing an additional 120,164 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Sanmina by 57.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after purchasing an additional 278,465 shares during the period. Finally, Norges Bank acquired a new stake in Sanmina in the fourth quarter valued at about $101,751,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

About Sanmina

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.