Sanmina Corporation (NASDAQ:SANM) Receives Consensus Rating of “Hold” from Analysts

Shares of Sanmina Corporation (NASDAQ:SANM) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $150.00.

Several research firms have commented on SANM. Susquehanna began coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. began coverage on Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective for the company. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Argus lifted their price target on Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings downgraded Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday.

Insider Activity

In other Sanmina news, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total value of $166,205.44. Following the completion of the transaction, the director owned 6,340 shares in the company, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,044,479.45. This trade represents a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,599 shares of company stock valued at $2,290,728 in the last three months. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sanmina

Hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. increased its position 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 valued at $25,000 after buying an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Sanmina in the 3rd quarter worth $26,000. Root Financial Partners LLC acquired a new position in Sanmina during the third quarter worth $34,000. Employees Retirement System of Texas purchased a new position in Sanmina during the fourth quarter valued at $39,000. Finally, MAI Capital Management acquired a new stake in shares of Sanmina in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

SANM stock opened at $130.21 on Monday. The firm has a 50 day moving average of $140.30 and a 200 day moving average of $145.28. The stock has a market capitalization of $7.11 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 0.58 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. Sanmina has a 52 week low of $63.67 and a 52 week high of $185.29.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.09 billion. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The company’s revenue was up 59.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Sell-side analysts forecast that Sanmina will post 5.15 earnings per share for the current year.

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.