Key Points
- Sanmina CFO Jonathan Faust sold 10,076 shares on May 29 for about $2.68 million at an average price of $265.80 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still holds 77,000 shares.
- Sanmina’s stock has been strong recently, trading around $264.88 and near its 52-week high of $270.49. The company’s shares are up roughly 2% in the session cited, with a market cap of $14.2 billion.
- The company reported better-than-expected quarterly results, posting $3.16 EPS versus $2.42 expected and revenue of $4.01 billion versus $3.28 billion expected. Sanmina also raised guidance, and analysts currently have a Moderate Buy consensus rating with a $150 price target.
Sanmina Corporation (NASDAQ:SANM - Get Free Report) CFO Jonathan Faust sold 10,076 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer directly owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanmina Trading Up 2.0%
Shares of SANM opened at $264.88 on Tuesday. Sanmina Corporation has a twelve month low of $84.00 and a twelve month high of $270.49. The company has a market cap of $14.20 billion, a P/E ratio of 56.00, a P/E/G ratio of 1.00 and a beta of 1.54. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The company's fifty day simple moving average is $190.37 and its 200-day simple moving average is $165.65.
Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.74. The business had revenue of $4.01 billion for 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 business's revenue for the quarter was up 102.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. As a group, analysts expect that Sanmina Corporation will post 9.36 EPS for the current year.
Hedge Funds Weigh In On Sanmina
A number of institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA raised its position in Sanmina by 25.2% during the 1st quarter. Glenmede Trust Co. NA now owns 18,105 shares of the electronics maker's stock worth $2,347,000 after buying an additional 3,643 shares during the last quarter. Verus Capital Partners LLC purchased a new position in Sanmina during the 1st quarter worth approximately $246,000. Bank of America Corp DE raised its position in Sanmina by 14.6% during the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker's stock worth $122,559,000 after buying an additional 120,164 shares during the last quarter. Edgestream Partners L.P. raised its position in Sanmina by 56.3% during the 1st quarter. Edgestream Partners L.P. now owns 27,792 shares of the electronics maker's stock worth $3,603,000 after buying an additional 10,016 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker's stock worth $136,000 after buying an additional 54 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have issued reports on SANM shares. JPMorgan Chase & Co. started coverage on shares of Sanmina in a report on Monday, March 30th. They set a "neutral" rating and a $145.00 target price on the stock. Weiss Ratings upgraded shares of Sanmina from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Wall Street Zen cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 23rd. Susquehanna began coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a "neutral" rating and a $135.00 price target for the company. Finally, Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. One investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $150.00.
Check Out Our Latest Stock Report 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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