Sanmina (NASDAQ:SANM) Stock Price Breaks Above 200-Day Moving Average Following Analyst Downgrade

Sanmina Corporation (NASDAQ:SANM) shares crossed above its 200-day moving average during trading on Monday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a 200-day moving average of $202.17 and traded as high as $226.57. Sanmina shares last traded at $220.06, with a volume of 431,129 shares.

SANM has been the subject of a number of other reports. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $198.33.

Institutional Investors Weigh In On Sanmina

A number of hedge funds have recently made changes to their positions in SANM. Danske Bank A S acquired a new position in Sanmina in the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Sanmina during the second quarter worth approximately $31,000. NewEdge Advisors LLC bought a new position in shares of Sanmina in the second quarter valued at approximately $32,000. N.E.W. Advisory Services LLC bought a new position in shares of Sanmina in the second quarter valued at approximately $36,000. Finally, MCF Advisors LLC boosted its holdings in shares of Sanmina by 2,333.3% in the 2nd quarter. MCF Advisors LLC now owns 146 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Down 5.2%

The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 0.75 and a beta of 1.60. The firm has a fifty day moving average price of $201.36 and a 200 day moving average price of $202.85. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the firm posted $1.53 EPS. The business’s revenue was up 69.7% on a year-over-year basis. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Sell-side analysts anticipate that Sanmina Corporation will post 10.73 EPS for the current fiscal year.

Sanmina Company Profile

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.