Argus Forecasts Strong Price Appreciation for Sanmina (NASDAQ:SANM) Stock

Sanmina (NASDAQ:SANM) had its price objective raised by Argus to $200.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Argus’ target price would indicate a potential upside of 31.02% from the stock’s previous close.

A number of other equities analysts also recently commented on SANM. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.00.

Sanmina Trading Up 6.6%

NASDAQ:SANM opened at $152.65 on Wednesday. The firm has a market capitalization of $8.33 billion, a P/E ratio of 36.43, a P/E/G ratio of 0.69 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average of $158.90 and a 200 day moving average of $136.70. Sanmina has a 52 week low of $63.67 and a 52 week high of $185.29.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, beating the consensus estimate of $2.15 by $0.23. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, research analysts predict that Sanmina will post 5.15 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction 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 sale, the insider directly owned 23,500 shares of the company’s stock, valued at approximately $3,506,670. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.22% of the company’s stock.

Institutional Trading of Sanmina

Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. raised its holdings in Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina during the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in Sanmina in the 3rd quarter worth approximately $34,000. TD Waterhouse Canada Inc. lifted its position in Sanmina by 27.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 85 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in Sanmina during the 2nd quarter valued at $41,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

About Sanmina

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.