Sanmina (NASDAQ:SANM) Sets New 1-Year High – Here’s What Happened

Sanmina Corporation (NASDAQ:SANM) hit a new 52-week high on Friday . The stock traded as high as $178.87 and last traded at $177.3720, with a volume of 267625 shares trading hands. The stock had previously closed at $174.40.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SANM. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $120.00.

Sanmina Stock Up 1.7%

The stock has a 50 day moving average price of $157.50 and a 200 day moving average price of $132.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.72. The company has a market capitalization of $9.68 billion, a P/E ratio of 39.78, a PEG ratio of 0.86 and a beta of 1.05.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Equities research analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Insider Transactions at Sanmina

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total value of $103,260.24. Following the sale, the insider directly owned 23,500 shares in the company, valued at $3,506,670. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sanmina

Several institutional investors have recently added to or reduced their stakes in SANM. Invesco Ltd. raised its position in shares of Sanmina by 74.6% in 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 period. Norges Bank purchased a new stake in shares of Sanmina during the second quarter worth $63,671,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Sanmina in the third quarter worth $61,946,000. Hennessy Advisors Inc. purchased a new position in shares of Sanmina in the third quarter valued at $40,933,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Sanmina by 354.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 371,270 shares of the electronics maker’s stock valued at $42,737,000 after purchasing an additional 289,558 shares during the period. 92.71% of the stock is 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.