Fintel reports that on January 29, 2025, B of A Securities upgraded their outlook for Sanmina (NasdaqGS:SANM) from Underperform to Neutral.
Analyst Price Forecast Suggests 6.02% Downside
As of January 29, 2025, the average one-year price target for Sanmina is $77.86/share. The forecasts range from a low of $58.58 to a high of $91.35. The average price target represents a decrease of 6.02% from its latest reported closing price of $82.85 / share.
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The projected annual revenue for Sanmina is 11,020MM, an increase of 43.12%. The projected annual non-GAAP EPS is 9.44.
What is the Fund Sentiment?
There are 674 funds or institutions reporting positions in Sanmina. This is an increase of 30 owner(s) or 4.66% in the last quarter. Average portfolio weight of all funds dedicated to SANM is 0.17%, an increase of 12.43%. Total shares owned by institutions increased in the last three months by 8.63% to 66,371K shares. 
The put/call ratio of SANM is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,473K shares representing 6.39% ownership of the company. In its prior filing, the firm reported owning 3,586K shares , representing a decrease of 3.27%. The firm decreased its portfolio allocation in SANM by 10.22% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,677K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 1,674K shares , representing an increase of 0.16%. The firm decreased its portfolio allocation in SANM by 2.80% over the last quarter.
Lsv Asset Management holds 1,677K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 1,805K shares , representing a decrease of 7.63%. The firm decreased its portfolio allocation in SANM by 6.09% over the last quarter.
Geode Capital Management holds 1,515K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 1,480K shares , representing an increase of 2.35%. The firm decreased its portfolio allocation in SANM by 48.86% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,407K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 1,287K shares , representing an increase of 8.49%. The firm decreased its portfolio allocation in SANM by 2.59% over the last quarter.
Sanmina Background Information
(This description is provided by the company.)
Sanmina Corporation, a Fortune 500 company is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, cloud solutions, industrial, defense, medical and automotive. Sanmina has facilities strategically located in key regions throughout the world.
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