Brokerages Set Sanmina Corporation (NASDAQ:SANM) PT at $150.00

Sanmina Corporation (NASDAQ:SANM) has been given an average rating of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $150.00.

SANM has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Argus increased their price objective 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. initiated 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. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Susquehanna started coverage on shares of Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective on the stock.

Insider Activity at Sanmina

In related news, Director David V. Hedley III sold 500 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the transaction, the director directly owned 7,376 shares of the company’s stock, valued at $1,619,179.52. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the 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 directly owned 27,809 shares in the company, valued at $5,868,533.27. This trade represents a 48.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 146,433 shares of company stock valued at $33,021,275. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. AlphaQuest LLC grew its position in shares of Sanmina by 10,472.1% in the 3rd quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock valued at $1,266,000 after buying an additional 10,891 shares during the last quarter. Allianz Asset Management GmbH grew its position in Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock worth $89,395,000 after purchasing an additional 27,384 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Sanmina during the 3rd quarter worth $1,891,000. Y Intercept Hong Kong Ltd purchased a new position in Sanmina during the 3rd quarter worth $3,011,000. Finally, Elo Mutual Pension Insurance Co purchased a new position in Sanmina during the 3rd quarter worth $1,939,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

Sanmina stock opened at $246.44 on Tuesday. Sanmina has a 52-week low of $82.45 and a 52-week high of $255.21. The company’s 50 day moving average is $176.76 and its two-hundred day moving average is $162.51. 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 market cap of $13.21 billion, a PE ratio of 52.10, a price-to-earnings-growth ratio of 0.95 and a beta of 1.51.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 EPS 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 the consensus estimate of $3.28 billion. During the same period in the prior year, the firm posted $1.16 EPS. The company’s quarterly revenue was up 102.3% compared to the same quarter last year. 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, research analysts expect that Sanmina will post 9.36 EPS for the current fiscal year.

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.