Sanmina Corporation (NASDAQ:SANM) Receives Average Recommendation of “Moderate Buy” from Analysts

Sanmina Corporation (NASDAQ:SANM) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $155.00.

Several brokerages have recently issued reports on SANM. Argus upped their price target on shares of Sanmina to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Sanmina in a report on Monday. They set a “neutral” rating and a $145.00 target price for the company.

Sanmina Stock Performance

Shares of NASDAQ SANM traded down $4.17 during trading on Monday, reaching $126.73. The stock had a trading volume of 61,203 shares, compared to its average volume of 816,210. The firm’s 50 day moving average price is $145.23 and its two-hundred day moving average price is $144.88. Sanmina has a one year low of $63.67 and a one year high of $185.29. The stock has a market cap of $6.92 billion, a PE ratio of 30.04, a P/E/G ratio of 0.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70.

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

Insiders Place Their Bets

In other news, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction on 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 owned 87,076 shares in the company, valued at approximately $13,871,206.80. The trade was a 10.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David V. Hedley III sold 1,024 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total value of $166,205.44. Following the completion of the sale, the director directly owned 6,340 shares of the company’s stock, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,599 shares of company stock worth $2,290,728 over the last ninety days. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sanmina

Hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. increased its stake 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 purchasing an additional 59 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Sanmina in the 3rd quarter worth approximately $26,000. Employees Retirement System of Texas bought a new position in Sanmina in the 4th quarter worth approximately $39,000. Root Financial Partners LLC acquired a new position in shares of Sanmina during the third quarter worth approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 219 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

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.