Sanmina (NASDAQ:SANM) Director David Hedley III Sells 1,024 Shares

Sanmina Corporation (NASDAQ:SANM) Director David Hedley III sold 1,024 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total transaction of $166,205.44. Following the sale, the director directly owned 6,340 shares in the company, valued at $1,029,045.40. The trade was a 13.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sanmina Stock Performance

Shares of NASDAQ SANM traded down $3.94 during mid-day trading on Thursday, hitting $157.39. The company had a trading volume of 158,061 shares, compared to its average volume of 846,859. The stock’s 50-day moving average price is $155.94 and its 200-day moving average price is $142.38. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 0.72 and a beta of 1.04. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $185.29.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.23. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue 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 5.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SANM shares. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Argus lifted their price target on Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Sanmina presently has an average rating of “Buy” and an average target price of $160.00.

Hedge Funds Weigh In On Sanmina

A number of hedge funds and other institutional investors have recently modified their holdings of SANM. Invesco Ltd. raised its holdings in shares of Sanmina by 22.0% during the 4th quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after buying an additional 481,588 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $244,500,000 after acquiring an additional 58,529 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Sanmina by 20.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock valued at $120,515,000 after purchasing an additional 213,025 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Sanmina by 6.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock valued at $85,004,000 after purchasing an additional 54,200 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Sanmina by 3.7% in the 3rd 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 hedge funds and other institutional investors.

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.