Sanmina Corporation (NASDAQ:SANM - Get Free Report) Director Joseph Licata, Jr. sold 26,565 shares of Sanmina stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the completion of the sale, the director directly 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 document filed with the SEC, which is available at the SEC website.
Sanmina Stock Performance
Shares of SANM stock opened at $223.27 on Friday. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 47.20, a P/E/G ratio of 0.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.71. Sanmina Corporation has a 52 week low of $77.35 and a 52 week high of $230.56. The firm's 50-day simple moving average is $147.92 and its two-hundred day simple moving average is $151.46.
Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company'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. As a group, equities analysts forecast that Sanmina Corporation will post 9.36 earnings per share for the current year.
Analysts Set New Price Targets
SANM has been the topic of several research reports. 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 on the stock. Argus boosted 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. Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research report on Monday, March 30th. They issued a "neutral" rating and a $145.00 price target on the stock. Finally, Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sanmina currently has an average rating of "Moderate Buy" and a consensus target price of $150.00.
Check Out Our Latest Stock Analysis on Sanmina
Hedge Funds Weigh In On Sanmina
Hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. grew its stake in Sanmina by 36.6% during the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina during the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in Sanmina during the third quarter valued at approximately $34,000. Employees Retirement System of Texas purchased a new position in Sanmina during the fourth quarter valued at approximately $39,000. Finally, Salomon & Ludwin LLC purchased a new position in Sanmina during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 92.71% of the company's stock.
Key Sanmina News
Here are the key news stories impacting Sanmina this week:
Sanmina Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
