Sanmina (NASDAQ:SANM) Reaches New 1-Year High – Time to Buy?

Sanmina Corporation (NASDAQ:SANM) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $256.65 and last traded at $248.50, with a volume of 85074 shares changing hands. The stock had previously closed at $246.44.

Analyst Ratings Changes

SANM has been the topic of a number of recent analyst reports. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Susquehanna initiated coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective on the stock. Weiss Ratings cut Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. began coverage on Sanmina in a research note on Monday, March 30th. They set a “neutral” rating and a $145.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

Sanmina Stock Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 54.83, a PEG ratio of 0.95 and a beta of 1.51. The firm has a 50 day moving average price of $176.76 and a 200-day moving average price of $162.51.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the firm earned $1.16 earnings per share. Sanmina’s quarterly revenue was up 102.3% on a year-over-year basis. 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 expect that Sanmina Corporation will post 9.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sanmina news, CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total value of $27,087,333.12. Following the sale, the chief executive officer directly owned 1,227,573 shares in the company, valued at $280,917,805.32. This trade represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total value of $5,606,011.95. Following the completion of the sale, the director owned 27,809 shares in the company, valued at approximately $5,868,533.27. This represents a 48.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,433 shares of company stock valued at $33,021,275 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Sanmina

Several hedge funds have recently made changes to their positions in SANM. Invesco Ltd. grew its holdings in shares of Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after purchasing an additional 933,974 shares during the last quarter. Norges Bank purchased a new position in shares of Sanmina during the fourth quarter worth about $101,751,000. Fisher Asset Management LLC grew its holdings in shares of Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after buying an additional 483,312 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Sanmina by 520.3% during the fourth quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock worth $64,308,000 after buying an additional 359,441 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Sanmina during the fourth quarter worth about $53,430,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

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.