Sanmina (NASDAQ:SANM) CFO Jonathan Faust Sells 10,075 Shares

Sanmina Corporation (NASDAQ:SANM) CFO Jonathan Faust sold 10,075 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the sale, the chief financial officer owned 87,076 shares of the company’s stock, valued at $13,871,206.80. This trade represents a 10.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Sanmina Stock Down 2.5%

Shares of Sanmina stock traded down $3.95 during trading hours on Thursday, reaching $154.22. The company’s stock had a trading volume of 57,554 shares, compared to its average volume of 866,089. Sanmina Corporation has a one year low of $63.67 and a one year high of $185.29. The company has a market capitalization of $8.42 billion, a P/E ratio of 37.01, a P/E/G ratio of 0.72 and a beta of 1.04. The stock’s fifty day simple moving average is $155.94 and its two-hundred day simple moving average is $142.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70.

Sanmina (NASDAQ:SANM) last posted its 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. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. The firm’s revenue for the quarter was up 59.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, research analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current year.

Institutional Investors Weigh In On Sanmina

A number of hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. grew its holdings in Sanmina by 36.6% during the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina in the third quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of Sanmina during the 3rd quarter valued at $34,000. TD Waterhouse Canada Inc. lifted its position in shares of Sanmina by 27.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after buying an additional 85 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Sanmina during the 4th quarter worth $39,000. Institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

SANM has been the subject of several analyst reports. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Argus lifted their target price on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $160.00.

About Sanmina

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.