Shares of Sanmina Corporation (NASDAQ:SANM – Get Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $150.00.
A number of brokerages recently weighed in on SANM. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. began coverage on Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target on the stock. Susquehanna began coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th.
Check Out Our Latest Stock Report on Sanmina
Sanmina Price Performance
Sanmina (NASDAQ:SANM – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping the consensus estimate of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the business earned $1.16 earnings per share. Sanmina’s revenue for the quarter was up 102.3% compared to the same quarter last year. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, sell-side analysts anticipate that Sanmina will post 9.36 EPS for the current fiscal year.
Insider Transactions at Sanmina
In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the transaction, the chief financial officer owned 77,000 shares of the company’s stock, valued at $20,466,600. The trade was a 11.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David V. Hedley III sold 500 shares of Sanmina stock in a transaction dated 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 trade represents a 6.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,509 shares of company stock worth $35,699,476 in the last three months. Insiders own 3.10% of the company’s stock.
Hedge Funds Weigh In On Sanmina
Several institutional investors and hedge funds have recently bought and sold shares of SANM. Amundi purchased a new position in Sanmina during the 1st quarter valued at about $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sanmina by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock valued at $2,435,000 after buying an additional 1,387 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Sanmina during the 1st quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Sanmina by 10.6% during the 1st 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 buying an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Sanmina by 572.5% during the 1st quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after buying an additional 67,973 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.
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