Sanmina (NASDAQ:SANM) CFO Sells $2,678,200.80 in Stock

Sanmina Corporation (NASDAQ:SANM) CFO Jonathan Faust sold 10,076 shares of Sanmina stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanmina Stock Performance

Shares of Sanmina stock opened at $282.72 on Thursday. The business’s fifty day simple moving average is $196.51 and its 200 day simple moving average is $167.31. The firm has a market capitalization of $15.15 billion, a P/E ratio of 59.77, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. Sanmina Corporation has a 12 month low of $85.66 and a 12 month high of $288.68. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77.

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

Institutional Trading of Sanmina

Several hedge funds have recently made changes to their positions in SANM. Optiver Holding B.V. raised its stake in shares of Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after buying an additional 59 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina in the third quarter valued at $26,000. Employees Retirement System of Texas bought a new stake in shares of Sanmina during the 4th quarter valued at $39,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after purchasing an additional 219 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Sanmina by 88.6% during the 3rd quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 218 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Susquehanna assumed coverage on Sanmina in a report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target on the stock. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. started coverage on Sanmina in a report on Monday, March 30th. They set a “neutral” rating and a $145.00 price target on the stock. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sanmina currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

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.