Sanmina (NASDAQ:SANM) Trading Up 5.8% – What’s Next?

Sanmina Corporation (NASDAQ:SANM)’s stock price traded up 5.8% on Monday . The company traded as high as $208.51 and last traded at $208.5960. 161,119 shares changed hands during trading, a decline of 83% from the average session volume of 945,467 shares. The stock had previously closed at $197.24.

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. assumed 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. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Susquehanna started coverage on shares of Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $160.00.

Sanmina Stock Performance

The company has a fifty day moving average price of $237.92 and a two-hundred day moving average price of $185.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. The company has a market capitalization of $11.76 billion, a P/E ratio of 46.39, a PEG ratio of 0.77 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business earned $1.16 EPS. The firm’s quarterly revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities analysts forecast that Sanmina Corporation will post 9.36 earnings per share for the current fiscal year.

Insider Activity at Sanmina

In related news, Director David V. Hedley III sold 500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the sale, the director owned 7,376 shares of the company’s stock, valued at $1,619,179.52. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the sale, the chief financial officer owned 77,000 shares of the company’s stock, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 156,509 shares of company stock valued at $35,699,476 in the last quarter. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Sanmina by 21,174.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock worth $3,831,000 after purchasing an additional 25,409 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after purchasing an additional 58,529 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Sanmina in the 4th quarter valued at $1,233,000. Fisher Asset Management LLC increased its position in shares of Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after buying an additional 483,312 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Sanmina by 57.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock worth $98,833,000 after buying an additional 278,465 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

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.