Sanmina (NASDAQ:SANM) Trading 7.9% Higher Following Analyst Upgrade

Sanmina Corporation (NASDAQ:SANM) shares rose 7.9% during mid-day trading on Wednesday after Argus raised their price target on the stock to $200.00. Argus currently has a buy rating on the stock. Sanmina traded as high as $154.00 and last traded at $154.5020. Approximately 646,685 shares traded hands during trading, a decline of 19% from the average daily volume of 800,867 shares. The stock had previously closed at $143.19.

Several other brokerages also recently weighed in on SANM. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.00.

Insider Activity

In related news, insider Vishnu Venkatesh sold 692 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were 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 $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.

Sanmina News Summary

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Management said AI-driven demand is powering a strong start to 2026, supporting revenue and margin outlooks — a growth narrative investors value. Sanmina Earnings Call: AI Growth Fuels Powerful 2026 Start
• Positive Sentiment: Analysts (Argus) raised the price target to $200 with a Buy rating, signaling significant upside versus recent levels and reflecting confidence in multi-quarter growth potential. Argus raises price target to $200
• Positive Sentiment: Third‑party writeups (Zacks/MSN) emphasize Sanmina’s attractive value and growth profile — style-score and valuation pieces that can support longer-term buying interest. Here’s Why Sanmina is a Strong Growth Stock Top Value Stock for the Long-Term
• Neutral Sentiment: Sidoti issued a batch of estimate changes — a small cut to Q2 2026 EPS but several raises to FY/other quarter forecasts — showing analysts are recalibrating near-term vs. longer-term expectations. This creates mixed signals: long-term upgrades but near-term volatility. MarketBeat SANM summary (Sidoti notes)
• Negative Sentiment: Short‑term selling pressure and valuation concerns prompted by recent strong gains likely drove intraday weakness — AAII highlights a sharp short-term decline and points to profit‑taking and cyclical volatility as causes. Why SANM Stock Is Down 9.07%

Institutional Trading of Sanmina

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in Sanmina by 42.4% in the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after acquiring an additional 372,829 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Sanmina by 1.4% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 175,559 shares of the electronics maker’s stock worth $17,175,000 after purchasing an additional 2,451 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Sanmina by 20.9% in 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. Asset Management One Co. Ltd. acquired a new position in Sanmina during the 3rd quarter valued at approximately $1,472,000. Finally, Measured Wealth Private Client Group LLC grew its stake in Sanmina by 60.3% during the 2nd quarter. Measured Wealth Private Client Group LLC now owns 5,466 shares of the electronics maker’s stock worth $535,000 after buying an additional 2,057 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Sanmina Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.02. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The company has a 50-day simple moving average of $158.99 and a two-hundred day simple moving average of $137.08.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping the consensus estimate of $2.15 by $0.23. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, equities research analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current year.

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.