Sanmina (NASDAQ:SANM) Stock Price Target Lowered at JPMorgan Chase & Co.

Sanmina (NASDAQ:SANM) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $270.00 to $230.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 50.20% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 11th. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Finally, Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Sanmina presently has a consensus rating of “Hold” and a consensus target price of $188.33.

Sanmina Stock Up 2.3%

Shares of SANM traded up $3.49 during trading hours on Tuesday, reaching $153.13. The stock had a trading volume of 2,442,054 shares, compared to its average volume of 882,367. The firm has a 50-day simple moving average of $192.37 and a 200 day simple moving average of $190.56. Sanmina has a 12 month low of $118.10 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 market capitalization of $8.21 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 0.40 and a beta of 1.72.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, November 9th. The electronics maker reported $4.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $1.16. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period last year, the company earned $1.67 earnings per share. The business’s revenue was up 84.0% on a year-over-year basis. Sanmina has set its Q1 2027 guidance at 3.500-3.850 EPS and its FY 2027 guidance at 15.500-17.500 EPS. Equities research analysts predict that Sanmina will post 10.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. BlackRock Inc. purchased a new position in Sanmina in the second quarter valued at approximately $1,390,702,000. Bank of America Corp DE bought a new position in shares of Sanmina during the 2nd quarter worth $189,012,000. Alyeska Investment Group L.P. grew its stake in shares of Sanmina by 365.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock worth $127,569,000 after acquiring an additional 395,764 shares during the period. Hennessy Advisors Inc. grew its stake in shares of Sanmina by 13.9% during the 2nd quarter. Hennessy Advisors Inc. now owns 347,400 shares of the electronics maker’s stock worth $87,920,000 after acquiring an additional 42,500 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Sanmina in the 2nd quarter worth about $87,522,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Sanmina News

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: For fiscal Q4 2026, Sanmina reported non-GAAP EPS of $4.43 versus $3.27 expected and revenue of $3.86 billion versus $3.48 billion expected. Revenue increased 84% year over year. SANM Q4 Earnings Beat Estimates on AI Growth, Strong Execution
• Positive Sentiment: Management forecast fiscal 2027 revenue of $17.5 billion–$19.5 billion and EPS of $15.50–$17.50, both above consensus. First-quarter EPS guidance of $3.50–$3.85 also exceeded analyst expectations. Sanmina outlines FY 2027 revenue as cloud and AI systems grow
• Positive Sentiment: AI and cloud systems demand is a key growth driver: one report cited 179% growth in those sales, while Sanmina’s core business also grew 19%. The company expects $7.5 billion–$9 billion in fiscal 2027 cloud and AI systems revenue. Sanmina stock jumps as core business backs AI earnings beat
• Neutral Sentiment: Potential restraint: Blockonomi reported that JPMorgan lowered its price target to $230, though the target remained above the share price cited in the background information. Sanmina stock jumps as core business backs AI earnings beat

About Sanmina

Sanmina Corporation is a provider of integrated manufacturing solutions for companies that develop complex electronic, optical, and electromechanical products. Its services span product design and engineering, supply-chain management, manufacturing, and logistics, as well as repair and other aftermarket support. The company serves customers in markets that include communications networks, cloud and data-center infrastructure, medical and life sciences, automotive, industrial equipment, and aerospace and defense.