Sanmina (NASDAQ:SANM) CFO Sells $2,678,200.80 in Stock

Sanmina Corporation (NASDAQ:SANM) CFO Jonathan Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanmina Stock Up 2.0%

SANM stock traded up $5.15 during trading on Monday, hitting $264.88. 819,595 shares of the stock traded hands, compared to its average volume of 854,528. The firm’s 50 day moving average is $187.68 and its two-hundred day moving average is $164.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 56.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. Sanmina Corporation has a 1 year low of $84.00 and a 1 year high of $270.49.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current year.

Hedge Funds Weigh In On Sanmina

Institutional investors and hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. boosted its holdings in shares of 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 buying an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sanmina in the third quarter worth approximately $26,000. Employees Retirement System of Texas purchased a new position in Sanmina during the fourth quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Sanmina by 182.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after purchasing an additional 219 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Sanmina by 88.6% during the third quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

SANM has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. 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 target for the company. 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 target for the company. Finally, Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Sanmina presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

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.