Sanmina Corporation (NASDAQ:SANM) Short Interest Down 14.0% in March

Sanmina Corporation (NASDAQ:SANM) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,439,385 shares, a decrease of 14.0% from the March 15th total of 2,837,967 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 715,246 shares, the short-interest ratio is currently 3.4 days.

Sanmina Price Performance

Shares of Sanmina stock traded up $5.21 on Friday, reaching $174.18. The company’s stock had a trading volume of 461,850 shares, compared to its average volume of 778,266. 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 $9.51 billion, a P/E ratio of 41.57, a PEG ratio of 0.68 and a beta of 1.05. The stock has a 50-day moving average price of $139.38 and a 200-day moving average price of $146.79. Sanmina has a 52-week low of $71.84 and a 52-week high of $185.29.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm’s revenue for the quarter was up 59.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Analysts expect that Sanmina will post 5.15 EPS for the current year.

Insiders Place Their Bets

In other Sanmina news, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the sale, the chief financial officer directly owned 87,076 shares in the company, valued at approximately $13,871,206.80. The trade was a 10.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the completion of the sale, the executive vice president directly owned 33,981 shares in the company, valued at $5,044,479.45. This trade represents a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,599 shares of company stock valued at $2,290,728. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Sanmina

Several institutional investors have recently bought and sold shares of the company. AlphaQuest LLC raised its holdings in shares of Sanmina by 10,472.1% during the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock valued at $1,266,000 after acquiring an additional 10,891 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Sanmina in the third quarter worth approximately $1,472,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Sanmina during the third quarter worth approximately $5,066,000. Allianz Asset Management GmbH raised its stake in Sanmina by 3.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after purchasing an additional 27,384 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Sanmina in the 3rd quarter valued at $61,946,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SANM. Weiss Ratings downgraded Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Argus upped their target price on Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Susquehanna initiated coverage on Sanmina in a report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 target price on the stock. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. assumed coverage on Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective on the stock. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $150.00.

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.