Insider Selling: Sanmina (NASDAQ:SANM) CFO Sells 10,076 Shares of Stock

Sanmina Corporation (NASDAQ:SANM) CFO Jonathan Faust sold 10,076 shares of Sanmina stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanmina Price Performance

Shares of Sanmina stock traded up $5.15 on Monday, hitting $264.88. 819,595 shares of the company traded hands, compared to its average volume of 854,528. The stock has a market capitalization of $14.20 billion, a P/E ratio of 56.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. Sanmina Corporation has a 52 week low of $84.00 and a 52 week high of $270.49. The business has a 50-day simple moving average of $187.68 and a 200 day simple moving average of $164.97.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.74. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The company’s revenue for the quarter was up 102.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Research analysts expect that Sanmina Corporation will post 9.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SANM has been the topic of several research reports. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. began coverage on shares of Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective on the stock. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Susquehanna began coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA grew its holdings in shares of Sanmina by 25.2% in the first quarter. Glenmede Trust Co. NA now owns 18,105 shares of the electronics maker’s stock worth $2,347,000 after purchasing an additional 3,643 shares during the last quarter. Verus Capital Partners LLC bought a new position in shares of Sanmina in the first quarter worth about $246,000. Bank of America Corp DE grew its holdings in shares of Sanmina by 14.6% in the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after purchasing an additional 120,164 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of Sanmina by 56.3% in the first quarter. Edgestream Partners L.P. now owns 27,792 shares of the electronics maker’s stock worth $3,603,000 after purchasing an additional 10,016 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Sanmina by 5.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after purchasing an additional 54 shares during the last quarter. 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.