JPMorgan Chase & Co. Begins Coverage on Sanmina (NASDAQ:SANM)

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Sanmina (NASDAQ:SANM) in a research note issued to investors on Monday, MarketBeat reports. The brokerage set a “neutral” rating and a $145.00 price target on the electronics maker’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.85% from the company’s current price.

A number of other brokerages have also issued reports on SANM. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Argus upped their price target on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sanmina has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

Sanmina Stock Up 4.5%

SANM opened at $129.64 on Monday. The stock’s 50 day moving average price is $143.26 and its 200 day moving average price is $145.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. The stock has a market cap of $7.08 billion, a P/E ratio of 30.94, a P/E/G ratio of 0.56 and a beta of 1.01. Sanmina has a 12 month low of $63.67 and a 12 month high of $185.29.

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

Insider Transactions at Sanmina

In other news, Director David V. Hedley III sold 1,024 shares of the business’s stock in a transaction that occurred 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 owned 6,340 shares in the company, valued at $1,029,045.40. The trade was a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction that occurred 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 owned 33,981 shares of the company’s stock, valued at approximately $5,044,479.45. This trade represents a 9.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,599 shares of company stock valued at $2,290,728 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Sanmina

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its holdings in shares of Sanmina by 22.0% during the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after buying an additional 481,588 shares in the last quarter. Geode Capital Management LLC boosted its position in Sanmina by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after acquiring an additional 58,529 shares during the period. Frontier Capital Management Co. LLC boosted its position in Sanmina by 20.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after acquiring an additional 213,025 shares during the period. Allianz Asset Management GmbH grew its stake in Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after acquiring an additional 27,384 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Sanmina by 17.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock valued at $109,907,000 after acquiring an additional 108,202 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

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.