Sanmina (NASDAQ:SANM) CFO Jonathan Faust Sells 10,076 Shares

Sanmina Corporation (NASDAQ:SANM) CFO Jonathan Faust sold 10,076 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares of the company’s stock, 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $264.88 on Tuesday. The firm has a 50 day moving average of $190.37 and a 200 day moving average of $165.65. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 56.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.54. Sanmina Corporation has a 12-month low of $84.00 and a 12-month high of $270.49.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Sanmina

Several hedge funds have recently modified their holdings of SANM. ANB Bank raised its stake in Sanmina by 3.2% during the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Sanmina by 5.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 54 shares in the last quarter. Optiver Holding B.V. raised 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 valued at $25,000 after purchasing an additional 59 shares in the last quarter. Park Avenue Securities LLC raised its stake in Sanmina by 2.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker’s stock valued at $487,000 after purchasing an additional 68 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Sanmina by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

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.