Sanmina (NASDAQ:SANM) Shares Gap Up – Should You Buy?

Sanmina Corporation (NASDAQ:SANM)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $147.87, but opened at $159.75. Sanmina shares last traded at $162.44, with a volume of 263,205 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on SANM. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Argus upped their price target on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Sanmina currently has a consensus rating of “Buy” and an average target price of $160.00.

Sanmina Stock Up 7.4%

The firm’s 50-day moving average price is $155.35 and its 200-day moving average price is $141.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.04.

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

Insider Transactions at Sanmina

In other Sanmina news, 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 sale, the executive vice president directly owned 33,981 shares in the company, valued at $5,044,479.45. The trade was a 9.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vishnu Venkatesh sold 692 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the sale, the insider directly owned 23,500 shares of the company’s stock, valued at $3,506,670. The trade was a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sanmina

Several large investors have recently modified their holdings of SANM. Amundi acquired a new position in shares of Sanmina in the 1st quarter worth approximately $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sanmina by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after purchasing an additional 1,387 shares during the period. United Services Automobile Association bought a new stake in Sanmina during the first quarter valued at $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock valued at $9,621,000 after purchasing an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock worth $6,083,000 after purchasing an additional 67,973 shares during the period. 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.