Sanmina (NASDAQ:SANM) Hits New 1-Year High – What’s Next?

Sanmina Corporation (NASDAQ:SANM) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $256.65 and last traded at $248.50, with a volume of 85074 shares changing hands. The stock had previously closed at $246.44.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SANM shares. Weiss Ratings downgraded shares of Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Susquehanna initiated coverage on shares of Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. Argus lifted their price objective on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Sanmina Stock Up 0.7%

The company has a market cap of $14.03 billion, a P/E ratio of 55.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. The firm’s 50 day moving average price is $182.22 and its two-hundred day moving average price is $163.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’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. Equities research analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jure Sola sold 118,368 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the completion of the sale, the chief executive officer owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David V. Hedley III sold 500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $219.52, for a total value of $109,760.00. Following the sale, the director owned 7,376 shares of the company’s stock, valued at $1,619,179.52. This trade represents a 6.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 146,433 shares of company stock worth $33,021,275. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sanmina

Institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. boosted its position in Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina in the third quarter worth $26,000. Employees Retirement System of Texas purchased a new position in Sanmina in the fourth quarter worth $39,000. Northwestern Mutual Wealth Management Co. boosted its position in Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 219 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Sanmina by 88.6% in the third quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

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.