Sanmina (NASDAQ:SANM) CEO Jure Sola Sells 118,368 Shares of Stock

Sanmina Corporation (NASDAQ:SANM) CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the transaction, the chief executive officer directly owned 1,227,573 shares in the company, valued at $280,917,805.32. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sanmina Stock Up 4.7%

SANM opened at $248.35 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. The company’s 50-day moving average is $152.76 and its 200 day moving average is $153.97. Sanmina Corporation has a fifty-two week low of $78.43 and a fifty-two week high of $255.22. The firm has a market capitalization of $13.31 billion, a P/E ratio of 52.51, a PEG ratio of 0.91 and a beta of 1.51.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the firm earned $1.16 earnings per share. The firm’s revenue 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. 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 a number of recent analyst reports. Susquehanna initiated coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target on the stock. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. began coverage on shares of Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective on the stock. Finally, Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Institutional Trading of Sanmina

Several hedge funds have recently added to or reduced their stakes in the stock. ANB Bank raised its position in Sanmina by 3.2% in the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after acquiring an additional 51 shares during the period. Optiver Holding B.V. raised its position in Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 59 shares during the period. Park Avenue Securities LLC raised its position in Sanmina by 2.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker’s stock worth $487,000 after acquiring an additional 68 shares during the period. PNC Financial Services Group Inc. raised its position in Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after acquiring an additional 69 shares during the period. Finally, Vise Technologies Inc. raised its position in Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after acquiring an additional 71 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.