Sanmina (NASDAQ:SANM) Shares Down 7.9% – Time to Sell?

Sanmina Corporation (NASDAQ:SANM) shares fell 7.9% on Monday . The stock traded as low as $141.20 and last traded at $142.9340. 467,392 shares changed hands during trading, a decline of 45% from the average session volume of 849,871 shares. The stock had previously closed at $155.26.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Argus boosted their price target on Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $160.00.

Sanmina Stock Performance

The business has a 50-day moving average of $156.35 and a 200 day moving average of $143.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. The company has a market cap of $7.79 billion, a PE ratio of 34.03, a PEG ratio of 0.70 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, beating the consensus estimate of $2.15 by $0.23. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The business’s revenue for the quarter was up 59.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Equities research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction dated 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 transaction, the chief financial officer directly owned 87,076 shares of the company’s stock, valued at $13,871,206.80. The trade was a 10.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the sale, the insider directly owned 23,500 shares of the company’s stock, valued at $3,506,670. This represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,291 shares of company stock valued at $2,393,988 in the last 90 days. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sanmina

A number of hedge funds have recently modified their holdings of SANM. Optiver Holding B.V. lifted its stake in shares of Sanmina by 36.6% during the 3rd 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 position in Sanmina in the 3rd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in Sanmina in the 3rd quarter worth approximately $34,000. TD Waterhouse Canada Inc. grew its holdings in Sanmina by 27.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after buying an additional 85 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Sanmina during the fourth quarter valued at approximately $39,000. 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.