Sanmina (NASDAQ:SANM) Sets New 12-Month High – Here’s What Happened

Sanmina Corporation (NASDAQ:SANM) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $236.63 and last traded at $231.6790, with a volume of 140589 shares changing hands. The stock had previously closed at $221.89.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Argus raised their price target on Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. began coverage on Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target on the stock. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sanmina has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Sanmina Stock Up 5.4%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. The firm has a market capitalization of $13.40 billion, a P/E ratio of 52.85, a P/E/G ratio of 0.91 and a beta of 1.51. The stock has a fifty day moving average price of $152.76 and a two-hundred day moving average price of $153.97.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the business earned $1.16 EPS. The business’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. Research analysts forecast that Sanmina Corporation will post 9.36 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jonathan P. Faust sold 10,075 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the transaction, the chief financial officer directly owned 87,076 shares in the company, valued at $13,871,206.80. This represents a 10.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $148.45, for a total value of $519,575.00. Following the transaction, the executive vice president owned 33,981 shares of the company’s stock, valued at approximately $5,044,479.45. The trade was a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,664 shares of company stock valued at $8,224,670 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SANM. ANB Bank boosted its position in Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after acquiring an additional 51 shares during the period. Optiver Holding B.V. boosted its position in Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 59 shares during the period. Park Avenue Securities LLC boosted its position in Sanmina by 2.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker’s stock worth $487,000 after acquiring an additional 68 shares during the period. PNC Financial Services Group Inc. boosted its position in Sanmina by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after acquiring an additional 69 shares during the period. Finally, Vise Technologies Inc. boosted its position in 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 acquiring an additional 71 shares during the period. 92.71% of the stock is currently owned by 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.