Insider Selling: Sanmina (NASDAQ:SANM) Insider Sells 692 Shares of Stock

Sanmina Corporation (NASDAQ:SANM) insider Vishnu Venkatesh sold 692 shares of Sanmina stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total value of $103,260.24. Following the transaction, the insider owned 23,500 shares in the company, valued at approximately $3,506,670. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Sanmina Trading Up 1.5%

Shares of Sanmina stock traded up $2.12 during trading hours on Thursday, hitting $144.99. The company’s stock had a trading volume of 655,265 shares, compared to its average volume of 596,710. The company has a market capitalization of $7.91 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02. The stock has a 50 day moving average of $149.75 and a 200 day moving average of $122.69. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $178.39.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, November 3rd. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.10. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Sanmina had a return on equity of 11.59% and a net margin of 3.03%.Sanmina’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SANM. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina has a consensus rating of “Buy” and an average target price of $120.00.

Hedge Funds Weigh In On Sanmina

A number of large investors have recently modified their holdings of the business. Optiver Holding B.V. raised 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 worth $25,000 after acquiring an additional 59 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Sanmina by 2.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after purchasing an additional 71 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Sanmina by 7.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker’s stock worth $129,000 after purchasing an additional 81 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Sanmina by 1.4% in the 3rd quarter. Allworth Financial LP now owns 5,795 shares of the electronics maker’s stock valued at $667,000 after buying an additional 81 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Sanmina by 27.2% during the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 85 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.