Susquehanna Initiates Coverage on Sanmina (NASDAQ:SANM)

Investment analysts at Susquehanna initiated coverage on shares of Sanmina (NASDAQ:SANM) in a report released on Wednesday. The firm set a “neutral” rating and a $135.00 price target on the electronics maker’s stock. Susquehanna’s price objective would suggest a potential upside of 4.13% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of Sanmina in a research note on Monday. They issued a “neutral” rating and a $145.00 price target on the stock. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Argus increased their price target on shares of Sanmina to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $150.00.

Sanmina Stock Performance

Sanmina stock opened at $129.64 on Wednesday. The stock’s 50 day moving average is $143.26 and its 200 day moving average is $145.01. The company has a market capitalization of $7.08 billion, a P/E ratio of 30.94, a PEG ratio of 0.56 and a beta of 1.01. Sanmina has a twelve month low of $63.67 and a twelve month high of $185.29. 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 (NASDAQ:SANM) last released its earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping the consensus estimate of $2.15 by $0.23. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, equities research analysts predict that Sanmina will post 5.15 earnings per share for the current fiscal year.

Insider Activity

In other Sanmina news, CFO Jonathan P. Faust sold 10,075 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were 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. This represents a 10.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of Sanmina stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the completion of the sale, the executive vice president owned 33,981 shares of the company’s stock, valued at $5,044,479.45. This represents a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,599 shares of company stock valued at $2,290,728 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sanmina

Several institutional investors and hedge funds have recently added to or reduced their stakes in SANM. Optiver Holding B.V. raised its stake in Sanmina by 36.6% during the third 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 in the last quarter. Park Avenue Securities LLC grew its stake in shares of Sanmina by 2.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker’s stock worth $487,000 after buying an additional 68 shares in the last quarter. Vise Technologies Inc. grew its stake in shares of Sanmina by 2.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after buying an additional 71 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Sanmina by 7.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker’s stock worth $129,000 after buying an additional 81 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Sanmina by 1.4% in the 3rd quarter. Allworth Financial LP now owns 5,795 shares of the electronics maker’s stock worth $667,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

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.