Sanmina (NASDAQ:SANM) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Sanmina (NASDAQ:SANM) from a buy rating to a strong-buy rating in a research note released on Sunday.

Other analysts have also recently issued reports about the stock. Bank of America lifted their target price on shares of Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. Weiss Ratings restated 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.50.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $129.25 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. Sanmina has a one year low of $63.67 and a one year high of $160.25. The business’s 50-day moving average price is $119.49 and its two-hundred day moving average price is $100.42. The company has a market capitalization of $6.89 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.11. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts anticipate that Sanmina will post 5.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SANM. Invesco Ltd. boosted its holdings in Sanmina by 42.4% during the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock valued at $122,452,000 after acquiring an additional 372,829 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of Sanmina by 20.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after purchasing an additional 213,025 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Sanmina by 6.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock valued at $85,004,000 after purchasing an additional 54,200 shares during the period. Allianz Asset Management GmbH grew its holdings in Sanmina by 4.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker’s stock valued at $73,296,000 after buying an additional 33,865 shares during the last quarter. Finally, Nuveen LLC bought a new position in Sanmina in the 1st quarter worth approximately $50,510,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.