Sanmina (NASDAQ:SANM) Director David Hedley III Sells 1,024 Shares

Sanmina Corporation (NASDAQ:SANM) Director David Hedley III sold 1,024 shares of Sanmina stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the transaction, the director directly owned 6,340 shares in the company, valued at $1,029,045.40. This represents a 13.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sanmina Price Performance

Shares of NASDAQ SANM traded up $3.15 during trading on Wednesday, hitting $161.32. The company had a trading volume of 671,933 shares, compared to its average volume of 866,090. Sanmina Corporation has a 52 week low of $63.67 and a 52 week high of $185.29. The business’s 50-day moving average is $155.58 and its 200 day moving average is $142.25. The company has a market cap of $8.81 billion, a P/E ratio of 38.50, a PEG ratio of 0.67 and a beta of 1.04. 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 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 business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the firm posted $1.16 EPS. The company’s quarterly revenue was up 59.0% on a year-over-year basis. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Equities research analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Sanmina

A number of institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. lifted 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 acquired a new stake in shares of Sanmina in the third quarter worth about $26,000. Employees Retirement System of Texas bought a new stake in shares of Sanmina during the 4th quarter worth about $39,000. Root Financial Partners LLC acquired a new position in shares of Sanmina during the 3rd quarter valued at about $34,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Sanmina by 182.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 219 shares during the last quarter. 92.71% of the stock is currently 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.