Sanmina (NASDAQ:SANM) Trading 5.8% Higher – Here’s What Happened

Sanmina Corporation (NASDAQ:SANM) was up 5.8% on Monday . The stock traded as high as $208.51 and last traded at $208.5960. Approximately 161,119 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 945,467 shares. The stock had previously closed at $197.24.

Analyst Ratings Changes

SANM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. 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 on the stock. Finally, Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.00.

Sanmina Trading Up 2.6%

The business has a fifty day simple moving average of $239.12 and a 200 day simple moving average of $184.89. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 0.76 and a beta of 1.56. 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 results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, topping 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 company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 102.3% compared to the same quarter last year. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, equities analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current year.

Insider Activity

In other Sanmina news, EVP Alan Mcwilliams Reid sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.17, for a total transaction of $218,170.00. Following the sale, the executive vice president directly owned 31,481 shares of the company’s stock, valued at $6,868,209.77. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the sale, the director directly owned 27,809 shares in the company, valued at $5,868,533.27. This represents a 48.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,509 shares of company stock worth $35,699,476 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Sanmina

A number of institutional investors have recently modified their holdings of SANM. Invesco Ltd. lifted its stake in shares of Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after buying an additional 933,974 shares during the period. Norges Bank acquired a new position in Sanmina in the 4th quarter valued at $101,751,000. Fisher Asset Management LLC raised its holdings in Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after acquiring an additional 483,312 shares during the last quarter. Marshall Wace LLP raised its holdings in Sanmina by 520.3% in the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock valued at $64,308,000 after acquiring an additional 359,441 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Sanmina during the 4th quarter worth $53,430,000. Institutional investors and hedge funds 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.