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Sanmina Corporation (SANM) Stock Analysis

SellModerate Confidence

Technology · Electronic Components

Sell if holding. Engine safety override at $211.00: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Below-average business quality.

Sanmina Corporation is a global contract electronics manufacturer serving OEMs in industrial, medical, defense, automotive, and communications markets across 20 countries with 39,000 employees. Revenue splits ~80% IMS (PCB assembly, high-level assembly) and ~20% CPS (advanced... Read more

$211.00+8.3% A.UpsideScore 5.9/10#6 of 24 Electronic Components
Stop $194.06Target $225.95(resistance)A.R:R -0.9:1
Analyst target$212.25+0.6%4 analysts
$225.95our TP
$211.00price
$212.25mean
$185
$234

Sell if holding. Engine safety override at $211.00: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Below-average business quality. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Score 5.9/10, moderate confidence.

Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 88d clear, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Customer: top-10 customers
Concentration risk — Geographic: non-U.S. operations
Target reached (-13.5% upside)

Key Metrics

P/E (TTM)44.2
P/E (Fwd)16.0
Mkt Cap$11.2B
EV/EBITDA16.2
Profit Mgn2.3%
ROE11.0%
Rev Growth102.3%
Beta1.05
DividendNone
Rating analysts11

Quality Signals

Piotroski F7/9

Options Flow

P/C0.58bullish
IV76%elevated
Max Pain$75-64.5% vs spot

Concentration Risks(10-K Item 1A)

  • HIGHCustomertop-10 customers
    10-K Item 1A: 'Sales to our ten largest customers have historically represented approximately half of our net sales.'
  • HIGHGeographicnon-U.S. operations
    10-K Item 1A: 'The substantial majority of our net sales are generated through our non-U.S. operations.'

Material Events(8-K, last 90d)

  • 2026-03-12Item 5.02LOW
    Stockholders approved amendment to 2019 Equity Incentive Plan reserving additional 1,200,000 shares at March 9, 2026 annual meeting. Routine equity plan amendment; no officer changes.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

2 floor-breakers·1 ceiling hit

Quality below the gate floor. Component breakdown shows what dragged the score down.static

Gross Margin
0.0
Fcf Quality
0.0
Net Margin
1.1
Operating Margin
2.3
Roa
3.2
Roe
3.7
Moat
5.0
Current Ratio
6.1
Piotroski F
7.8
Earnings quality RED FLAG: -31% FCF/NINo competitive moatStrong Piotroski F-Score: 7/9

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
0.6
Support Resistance
2.1
Gap
5.0
52w Position
8.1
GatesA.R:R -0.9=NEGATIVEMomentum 8.2>=5.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 88d clearSEMI CYCLE PEAK CLEARSuitability: Moderate
RSI
86 · Overbought
20D MA 50D MA 200D MAGOLDEN CROSSSupport $124.89Resistance $230.56

Price Targets

$194
$226
A.Upside+7.1%
A.R:R-0.9:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-13.5% upside)
! Quality below floor (3.2 < 4.0)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
B
4/4 beats
Next Earnings2026-07-27 (88d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is SANM stock a buy right now?

Sell if holding. Engine safety override at $211.00: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Below-average business quality. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Prior stop was $194.06. Score 5.9/10, moderate confidence.

What is the SANM stock price target?

Take-profit target: $225.95 (+8.3% upside). Prior stop was $194.06. Stop-loss: $194.06.

What are the risks of investing in SANM?

Concentration risk — Customer: top-10 customers; Concentration risk — Geographic: non-U.S. operations; Target reached (-13.5% upside).

Is SANM overvalued or undervalued?

Sanmina Corporation trades at a P/E of 44.2 (forward 16.0). TrendMatrix value score: 5.4/10. Verdict: Sell.

What do analysts say about SANM?

11 analysts cover SANM with a consensus score of 3.9/5. Average price target: $212.

What does Sanmina Corporation do?Sanmina Corporation is a global contract electronics manufacturer serving OEMs in industrial, medical, defense,...

Sanmina Corporation is a global contract electronics manufacturer serving OEMs in industrial, medical, defense, automotive, and communications markets across 20 countries with 39,000 employees. Revenue splits ~80% IMS (PCB assembly, high-level assembly) and ~20% CPS (advanced PCBs, memory, RF, defense products, software).

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