Sanmina Corporation (NASDAQ:SANM) Receives Average Rating of “Moderate Buy” from Analysts

Sanmina Corporation (NASDAQ:SANM) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $150.00.

SANM has been the subject of several recent analyst reports. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Susquehanna initiated coverage on shares of Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Argus upped their price target on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target for the company. Finally, Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Sanmina Stock Up 5.2%

Shares of NASDAQ:SANM opened at $246.44 on Tuesday. The company has a market capitalization of $13.21 billion, a PE ratio of 52.10, a P/E/G ratio of 0.95 and a beta of 1.51. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. Sanmina has a twelve month low of $82.45 and a twelve month high of $255.21. The firm has a 50 day simple moving average of $174.36 and a 200-day simple moving average of $161.78.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.74. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The company’s revenue was up 102.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. 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, equities analysts predict that Sanmina will post 9.36 EPS for the current fiscal year.

Insider Activity at Sanmina

In other Sanmina news, Director Joseph G. Licata, Jr. sold 26,565 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total transaction 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. This represents a 48.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jure Sola sold 118,368 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the transaction, the chief executive officer owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. The trade was a 8.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 157,532 shares of company stock worth $34,792,428 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Sanmina

A number of large investors have recently bought and sold shares of SANM. Optiver Holding B.V. raised its position in Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina during the 3rd quarter worth $26,000. Root Financial Partners LLC purchased a new position in Sanmina during the 3rd quarter worth $34,000. Employees Retirement System of Texas purchased a new position in Sanmina during the 4th quarter worth $39,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in 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 buying an additional 219 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.