Sanmina Corporation (NASDAQ:SANM) Short Interest Update

Sanmina Corporation (NASDAQ:SANM) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,008,896 shares, a decrease of 52.2% from the June 15th total of 2,110,739 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,494,078 shares, the days-to-cover ratio is presently 0.4 days.

Sanmina Stock Up 0.3%

Shares of SANM stock traded up $0.66 during mid-day trading on Wednesday, hitting $208.25. The stock had a trading volume of 363,398 shares, compared to its average volume of 953,204. Sanmina has a 12-month low of $95.49 and a 12-month high of $288.68. The firm has a market capitalization of $11.16 billion, a P/E ratio of 44.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.56. The firm’s 50-day moving average is $241.55 and its two-hundred day moving average is $183.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03.

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

Insider Transactions at Sanmina

In other news, Director Joseph G. Licata, Jr. sold 26,565 shares of Sanmina stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total value of $5,606,011.95. Following the completion of the transaction, the director owned 27,809 shares in the company, valued at approximately $5,868,533.27. The trade was a 48.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David V. Hedley III sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the transaction, the director directly owned 7,376 shares in the company, valued at approximately $1,619,179.52. This represents a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,509 shares of company stock worth $35,699,476 in the last quarter. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Sanmina

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sanmina in the 3rd quarter valued at about $26,000. Employees Retirement System of Texas purchased a new stake in Sanmina in the 4th quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sanmina by 182.5% during 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 period. Steward Partners Investment Advisory LLC increased its holdings in shares of Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 259 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sanmina during the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SANM shares. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Susquehanna initiated coverage on Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 target price for the company. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. started coverage on Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $160.00.

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.