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

Zacks Research cut shares of Sanmina (NASDAQ:SANM) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Susquehanna initiated coverage on shares of Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Finally, JPMorgan Chase & Co. began coverage on Sanmina in a research note on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $150.00.

Sanmina Trading Up 5.3%

Shares of Sanmina stock opened at $253.08 on Monday. The firm’s 50 day moving average is $237.55 and its 200 day moving average is $179.66. The firm has a market capitalization of $13.57 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. Sanmina has a 1 year low of $95.49 and a 1 year high of $288.68. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business posted $1.16 earnings per share. The company’s quarterly revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities research analysts forecast that Sanmina will post 9.36 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joseph G. Licata, Jr. sold 26,565 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the transaction, the director owned 27,809 shares in the company, valued at $5,868,533.27. This represents a 48.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the sale, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. This represents a 11.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 156,509 shares of company stock valued at $35,699,476 over the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina during the 3rd quarter valued at about $26,000. Employees Retirement System of Texas purchased a new stake in shares of Sanmina during the 4th quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sanmina by 182.5% in the 4th 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 during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Sanmina by 235.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 259 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sanmina in the fourth quarter worth approximately $60,000. Institutional investors 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.