Sanmina Corporation (NASDAQ:SANM) Receives Consensus Rating of “Hold” from Analysts

Sanmina Corporation (NASDAQ:SANM) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $150.00.

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

Sanmina Price Performance

Sanmina stock 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 52 week low of $95.49 and a 52 week high of $288.68. The stock has a market capitalization of $11.03 billion, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 0.83 and a beta of 1.56. The stock has a fifty day moving average of $241.78 and a 200-day moving average of $181.94.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 102.3% compared to the same quarter last year. During the same period last year, the firm 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. On average, sell-side analysts expect that Sanmina will post 9.36 earnings per share for the current fiscal year.

Insider Transactions at Sanmina

In other Sanmina news, Director Joseph G. Licata, Jr. sold 26,565 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total value of $5,606,011.95. Following the completion of the transaction, the director directly owned 27,809 shares in the company, valued at approximately $5,868,533.27. This trade represents a 48.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jure Sola sold 118,368 shares of the business’s stock in a transaction dated 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 owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This trade represents a 8.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 156,509 shares of company stock valued at $35,699,476. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sanmina

Several institutional investors and hedge funds have recently added to or reduced their stakes in SANM. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sanmina during the third quarter worth $26,000. Employees Retirement System of Texas acquired a new stake in Sanmina in the fourth quarter valued at $39,000. CoreCap Advisors LLC bought a new position in Sanmina during the 2nd quarter worth $76,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after buying an additional 219 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after buying an additional 259 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

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.