Sanmina (NASDAQ:SANM) Coverage Initiated by Analysts at Susquehanna

Susquehanna began coverage on shares of Sanmina (NASDAQ:SANM) in a research report released on Wednesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $135.00 price target on the electronics maker’s stock.

A number of other analysts also recently issued reports on the stock. Argus lifted their price objective on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. initiated coverage on Sanmina in a research report on Monday. They set a “neutral” rating and a $145.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Sanmina currently has a consensus rating of “Hold” and a consensus price target of $150.00.

Sanmina Stock Up 0.4%

SANM stock opened at $130.18 on Wednesday. The company’s 50 day moving average is $142.24 and its 200 day moving average is $144.91. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. Sanmina has a 1-year low of $63.67 and a 1-year high of $185.29.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.23. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $1.16 earnings per share. Sanmina’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. Sell-side analysts predict that Sanmina will post 5.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total value of $166,205.44. Following the completion of the sale, the director owned 6,340 shares of the company’s stock, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jonathan P. Faust sold 10,075 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the transaction, the chief financial officer directly owned 87,076 shares in the company, valued at approximately $13,871,206.80. This represents a 10.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 14,599 shares of company stock valued at $2,290,728. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sanmina

Several hedge funds have recently added to or reduced their stakes in SANM. Caitong International Asset Management Co. Ltd boosted its position in Sanmina by 71.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 390 shares of the electronics maker’s stock valued at $59,000 after buying an additional 163 shares during the period. DGS Capital Management LLC increased its holdings in shares of Sanmina by 7.8% in the fourth quarter. DGS Capital Management LLC now owns 2,358 shares of the electronics maker’s stock worth $354,000 after buying an additional 171 shares during the period. Invesco Ltd. lifted its stake in shares of Sanmina by 22.0% in the 4th quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after acquiring an additional 481,588 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Sanmina by 5.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,435 shares of the electronics maker’s stock valued at $966,000 after acquiring an additional 342 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new stake in Sanmina during the 4th quarter valued at about $229,000. 92.71% of the stock is owned by institutional investors.

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.