Sanmina (NASDAQ:SANM) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Sanmina (NASDAQ:SANM) in a research report report published on Monday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $145.00 price target on the electronics maker’s stock.

Several other equities analysts have also weighed in on the company. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Argus boosted their target price on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $150.00.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $130.18 on Monday. The company has a market capitalization of $7.11 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. The company’s 50-day moving average is $142.24 and its 200 day moving average is $144.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70. Sanmina has a fifty-two week low of $63.67 and a fifty-two week high of $185.29.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.23. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. Sanmina’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, equities research analysts forecast that Sanmina will post 5.15 earnings per share for the current year.

Insider Transactions at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 3,500 shares of the business’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 value of $519,575.00. Following the sale, the executive vice president owned 33,981 shares of the company’s stock, valued at $5,044,479.45. The trade was a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction that occurred 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 owned 6,340 shares in the company, valued at $1,029,045.40. The trade was a 13.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,599 shares of company stock worth $2,290,728 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. grew its position in shares of Sanmina by 42.4% in the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock valued at $122,452,000 after purchasing an additional 372,829 shares in the last quarter. AlphaQuest LLC lifted its holdings in Sanmina by 10,472.1% during the 3rd 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 in the last quarter. Frontier Capital Management Co. LLC boosted its stake in 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 worth $120,515,000 after purchasing an additional 213,025 shares during the period. Asset Management One Co. Ltd. bought a new position in Sanmina in the 3rd quarter worth about $1,472,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Sanmina during the 3rd quarter valued at about $5,066,000. Institutional investors 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.