Key Points
- Sanmina CEO Jure Sola sold 118,368 shares on May 6 at an average price of $228.84, generating about $27.1 million in proceeds and reducing his position by 8.79%.
- The company posted strong quarterly results, with earnings of $3.16 per share and revenue of $4.01 billion, both well above analyst expectations; revenue also jumped 102.3% year over year.
- Wall Street sentiment is mixed but constructive, with a consensus rating of “Moderate Buy” and an average price target of $150, while several hedge funds recently increased their stakes in the stock.
Sanmina Corporation (NASDAQ:SANM - Get Free Report) CEO Jure Sola sold 118,368 shares of Sanmina stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 1,227,573 shares of the company's stock, valued at $280,917,805.32. The trade was a 8.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Sanmina Price Performance
SANM opened at $248.35 on Friday. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 0.91 and a beta of 1.51. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $152.76 and a 200-day moving average price of $153.97. Sanmina Corporation has a twelve month low of $78.43 and a twelve month high of $255.22.
Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results 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 firm 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% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities analysts expect that Sanmina Corporation will post 9.36 EPS for the current year.
Institutional Investors Weigh In On Sanmina
Several hedge funds have recently bought and sold shares of SANM. Invesco Ltd. lifted its position in Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock valued at $251,590,000 after purchasing an additional 933,974 shares during the last quarter. Norges Bank bought a new stake in Sanmina during the fourth quarter valued at approximately $101,751,000. Fisher Asset Management LLC lifted its position in Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock valued at $97,571,000 after purchasing an additional 483,312 shares during the last quarter. Marshall Wace LLP lifted its position in Sanmina by 520.3% during the fourth quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker's stock valued at $64,308,000 after purchasing an additional 359,441 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Sanmina during the fourth quarter valued at approximately $53,430,000. 92.71% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on SANM shares. JPMorgan Chase & Co. started coverage on shares of Sanmina in a research note on Monday, March 30th. They issued a "neutral" rating and a $145.00 target price for the company. Argus lifted their target price on shares of Sanmina to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 30th. Susquehanna started coverage on shares of Sanmina in a research note on Wednesday, April 1st. They issued a "neutral" rating and a $135.00 target price for the company. Finally, Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.00.
View Our Latest Stock Analysis on Sanmina
About Sanmina
(
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.
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