Sanmina (NASDAQ:SANM) Shares Down 7.9% – Time to Sell?

Sanmina Corporation (NASDAQ:SANM) dropped 7.9% during trading on Monday . The company traded as low as $141.20 and last traded at $142.9340. Approximately 467,392 shares traded hands during trading, a decline of 45% from the average daily volume of 849,871 shares. The stock had previously closed at $155.26.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of research reports. Argus increased their target price on Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $160.00.

Sanmina Stock Up 1.1%

The stock’s fifty day moving average price is $155.81 and its 200-day moving average price is $143.38. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 0.64 and a beta of 1.01.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping the consensus estimate of $2.15 by $0.23. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The firm’s revenue was up 59.0% on a year-over-year basis. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sanmina news, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total transaction of $166,205.44. Following the sale, the director directly owned 6,340 shares of the company’s stock, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the sale, the insider owned 23,500 shares of the company’s stock, valued at approximately $3,506,670. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 15,291 shares of company stock worth $2,393,988. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sanmina

Institutional investors and hedge funds have recently modified their holdings of the company. Optiver Holding B.V. grew its holdings in Sanmina by 36.6% during the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 59 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sanmina in the third quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Sanmina during the 3rd quarter worth approximately $34,000. TD Waterhouse Canada Inc. lifted its holdings in Sanmina by 27.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 85 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in Sanmina during the fourth quarter worth $39,000. 92.71% of the stock is owned by 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.