Sanmina (NASDAQ:SANM) Rating Increased to Strong-Buy at Zacks Research

Zacks Research has upgraded Sanmina (NASDAQ:SANM) from a "hold" to a "strong-buy" rating. This upgrade follows Sanmina's strong quarterly earnings, where the company reported $3.31 EPS, significantly beating analyst expectations, and revenue of $3.46 billion, a 69.7% increase year-over-year. Despite positive analyst sentiment and earnings momentum, some insider selling by the CEO and CFO has occurred, though institutional investors still hold a substantial 92.71% of the company's stock.