Sanmina (NASDAQ:SANM) Shares Down 4.1% – What’s Next?

Shares of Sanmina Corporation (NASDAQ:SANM) were down 4.1% during mid-day trading on Monday . The stock traded as low as $118.10 and last traded at $120.0540. Approximately 342,879 shares changed hands during trading, a decline of 59% from the average daily volume of 838,420 shares. The stock had previously closed at $125.20.

Wall Street Analyst Weigh In

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

Sanmina Stock Down 1.2%

The firm’s fifty day simple moving average is $151.58 and its 200 day simple moving average is $144.14. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 0.57 and a beta of 1.01. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75.

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

Insider Transactions at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the transaction, the executive vice president directly owned 33,981 shares in the company, valued at approximately $5,044,479.45. This trade represents a 9.34% 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, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the sale, the insider owned 23,500 shares of the company’s stock, valued at $3,506,670. This trade represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,291 shares of company stock worth $2,393,988 over the last three months. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of Sanmina

Hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. grew its stake in shares of Sanmina by 36.6% in the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina during the 3rd quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of Sanmina in the 3rd quarter worth $34,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 85 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in shares of Sanmina during the fourth quarter worth about $39,000. 92.71% of the stock is owned by institutional investors and hedge funds.

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.