Insider Selling: Sanmina (NASDAQ:SANM) CFO Sells $1,604,947.50 in Stock

Sanmina Corporation (NASDAQ:SANM) CFO Jonathan Faust sold 10,075 shares of Sanmina stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total value 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 trade represents a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sanmina Trading Down 3.8%

NASDAQ SANM opened at $155.26 on Friday. The stock has a market cap of $8.48 billion, a PE ratio of 37.05, a PEG ratio of 0.73 and a beta of 1.04. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $185.29. The company’s 50-day moving average price is $156.35 and its 200-day moving average price is $142.77. 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 (NASDAQ:SANM) last released its quarterly earnings data on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.23. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm’s quarterly revenue was up 59.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Equities research analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

SANM has been the subject of a number of research analyst reports. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Argus upped their price objective on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sanmina has an average rating of “Buy” and a consensus target price of $160.00.

Institutional Investors Weigh In On Sanmina

Hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. grew its stake in Sanmina by 36.6% in 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 last quarter. Park Avenue Securities LLC boosted its holdings in shares of Sanmina by 2.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker’s stock valued at $487,000 after buying an additional 68 shares in the last quarter. Vise Technologies Inc. grew its position in shares of Sanmina by 2.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after buying 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 acquiring an additional 81 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Sanmina by 1.4% during the third quarter. Allworth Financial LP now owns 5,795 shares of the electronics maker’s stock valued at $667,000 after acquiring an additional 81 shares during the last quarter. 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.