Sanmina Corporation (NASDAQ:SANM) Receives Average Rating of “Hold” from Brokerages

Sanmina Corporation (NASDAQ:SANM) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $160.00.

A number of research analysts recently weighed in on SANM shares. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. began coverage on Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Susquehanna assumed coverage on shares of Sanmina in a research note on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target for the company.

Sanmina Stock Performance

NASDAQ:SANM opened at $207.59 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. Sanmina has a twelve month low of $95.49 and a twelve month high of $288.68. The company has a fifty day moving average of $241.55 and a 200-day moving average of $183.92. The firm has a market capitalization of $11.13 billion, a P/E ratio of 43.89, a P/E/G ratio of 0.77 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.74. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The business’s quarterly revenue was up 102.3% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts anticipate that Sanmina will post 9.36 EPS for the current year.

Insiders Place Their Bets

In other Sanmina news, Director Joseph G. Licata, Jr. sold 26,565 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 27,809 shares in the company, valued at approximately $5,868,533.27. This trade represents a 48.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of Sanmina stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.17, for a total transaction of $218,170.00. Following the transaction, the executive vice president directly owned 31,481 shares in the company, valued at $6,868,209.77. This represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 156,509 shares of company stock worth $35,699,476 in the last three months. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. Caitong International Asset Management Co. Ltd bought a new position in shares of Sanmina during the 3rd quarter worth approximately $26,000. Employees Retirement System of Texas bought a new position in shares of Sanmina in the fourth quarter valued at approximately $39,000. CoreCap Advisors LLC bought a new position in shares of Sanmina in the second quarter valued at approximately $76,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Sanmina by 182.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 219 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Sanmina by 235.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 259 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Company Profile

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.