Sanmina (NASDAQ:SANM) Hits New 52-Week High – Here’s What Happened

Sanmina Corporation (NASDAQ:SANM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $187.27 and last traded at $186.0220, with a volume of 352412 shares changing hands. The stock had previously closed at $180.02.

Analysts Set New Price Targets

SANM has been the subject of several research reports. Susquehanna initiated coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price objective for the company. Argus raised their price objective on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective for the company. Weiss Ratings lowered shares of Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Finally, Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sanmina presently has an average rating of “Hold” and an average target price of $150.00.

Sanmina Stock Performance

The firm’s fifty day simple moving average is $142.16 and its 200 day simple moving average is $148.90. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 0.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04.

Sanmina (NASDAQ:SANM) last announced 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 analysts’ expectations of $3.09 billion. During the same period last year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 59.0% on a year-over-year basis. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts forecast that Sanmina Corporation will post 8.69 EPS for the current year.

Insider Buying and Selling

In related news, EVP Alan Mcwilliams Reid sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the completion of the sale, the executive vice president directly owned 33,981 shares in the company, valued at approximately $5,044,479.45. This trade represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was 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 approximately $13,871,206.80. This represents a 10.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,599 shares of company stock worth $2,290,728. 3.10% of the stock is owned by company insiders.

Institutional Trading of Sanmina

Institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of Sanmina by 10,472.1% during the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock worth $1,266,000 after purchasing an additional 10,891 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Sanmina during the third quarter worth approximately $1,472,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Sanmina during the third quarter worth approximately $5,066,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Sanmina during the third quarter worth approximately $61,946,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Sanmina by 3.7% during the third quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock worth $89,395,000 after purchasing an additional 27,384 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Company Profile

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.