Susquehanna Initiates Coverage on Sanmina (NASDAQ:SANM)

Equities researchers at Susquehanna started coverage on shares of Sanmina (NASDAQ:SANM) in a report issued on Wednesday, Marketbeat.com reports. The firm set a “neutral” rating and a $135.00 price target on the electronics maker’s stock. Susquehanna’s price target suggests a potential upside of 3.68% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Argus upped their price objective on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research report on Monday. They set a “neutral” rating and a $145.00 price target on the stock. Finally, Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $150.00.

Sanmina Price Performance

Shares of SANM stock opened at $130.21 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70. Sanmina has a fifty-two week low of $63.67 and a fifty-two week high of $185.29. The firm has a market cap of $7.11 billion, a P/E ratio of 31.08, a P/E/G ratio of 0.59 and a beta of 1.05. The business’s 50 day moving average price is $141.25 and its 200-day moving average price is $144.81.

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

Insider Buying and Selling

In other news, Director David V. Hedley III sold 1,024 shares of the business’s stock in a transaction 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 approximately $1,029,045.40. The trade was a 13.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the business’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 sale, the executive vice president owned 33,981 shares in the company, valued at approximately $5,044,479.45. This trade represents a 9.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,599 shares of company stock valued at $2,290,728 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SANM. Optiver Holding B.V. boosted its stake in Sanmina by 36.6% during the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sanmina during the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Sanmina during the third quarter valued at approximately $34,000. Employees Retirement System of Texas bought a new stake in shares of Sanmina in the 4th quarter worth approximately $39,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Sanmina in the 3rd quarter worth approximately $41,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

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.