Sanmina (NASDAQ:SANM) Rating Lowered to Hold at Zacks Research

Sanmina (NASDAQ:SANM) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on SANM. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $120.00.

Sanmina Price Performance

Shares of SANM opened at $152.52 on Monday. The stock has a market cap of $8.32 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. Sanmina has a 1 year low of $63.67 and a 1 year high of $178.39. The stock’s 50-day moving average price is $156.14 and its two-hundred day moving average price is $129.36. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm earned $1.43 EPS. Sanmina’s quarterly revenue was up 3.9% compared to the same quarter last year. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. On average, equities analysts predict that Sanmina will post 5.15 earnings per share for the current year.

Insiders Place Their Bets

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total value of $103,260.24. Following the transaction, the insider owned 23,500 shares in the company, valued at approximately $3,506,670. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.22% of the company’s stock.

Institutional Trading of Sanmina

Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of Sanmina by 74.6% in 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 last quarter. Norges Bank purchased a new stake in shares of Sanmina in the second quarter worth approximately $63,671,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Sanmina in the third quarter valued at approximately $61,946,000. Hennessy Advisors Inc. purchased a new position in shares of Sanmina during the third quarter valued at approximately $40,933,000. Finally, Qube Research & Technologies Ltd grew its holdings in Sanmina by 354.4% during the third quarter. Qube Research & Technologies Ltd now owns 371,270 shares of the electronics maker’s stock worth $42,737,000 after buying an additional 289,558 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

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.