Sanmina Corporation (NASDAQ:SANM) Given Average Recommendation of “Hold” by Brokerages

Shares of Sanmina Corporation (NASDAQ:SANM) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $150.00.

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

Insider Activity at Sanmina

In other news, CEO Jure Sola sold 118,368 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the transaction, the chief executive officer owned 1,227,573 shares of the company’s stock, valued at $280,917,805.32. This represents a 8.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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 156,509 shares of company stock worth $35,699,476 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SANM. Dynamic Advisor Solutions LLC acquired a new position in shares of Sanmina during the second quarter worth approximately $229,000. GAMMA Investing LLC grew its position in Sanmina by 7.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,333 shares of the electronics maker’s stock valued at $844,000 after purchasing an additional 233 shares during the period. CoreCap Advisors LLC acquired a new stake in Sanmina in the 2nd quarter valued at $76,000. Parallel Advisors LLC increased its stake in Sanmina by 28.5% during the 1st quarter. Parallel Advisors LLC now owns 563 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 125 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Sanmina by 25.2% during the 1st quarter. Glenmede Trust Co. NA now owns 18,105 shares of the electronics maker’s stock valued at $2,347,000 after purchasing an additional 3,643 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Performance

NASDAQ:SANM opened at $205.75 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. Sanmina has a fifty-two week low of $95.49 and a fifty-two week high of $288.68. The company has a 50 day simple moving average of $241.78 and a two-hundred day simple moving average of $181.94. The company has a market capitalization of $11.03 billion, a PE ratio of 43.50, a P/E/G ratio of 0.83 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the company earned $1.16 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Sanmina will post 9.36 earnings per share for the current year.

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.