Sanmina (NASDAQ:SANM) Hits New 12-Month High – Time to Buy?

Sanmina Corporation (NASDAQ:SANM) reached a new 52-week high on Thursday . The company traded as high as $183.17 and last traded at $181.17, with a volume of 562481 shares. The stock had previously closed at $174.73.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SANM shares. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Sanmina currently has an average rating of “Hold” and an average price target of $120.00.

Sanmina Stock Performance

The firm has a market capitalization of $9.70 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.05. The company has a 50-day moving average of $158.75 and a 200-day moving average of $135.30. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.10. Sanmina had a return on equity of 11.59% and a net margin of 3.03%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. On average, equities analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Insider Transactions at Sanmina

In other news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total value of $103,260.24. Following the transaction, the insider owned 23,500 shares in the company, valued at approximately $3,506,670. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.22% of the company’s stock.

Hedge Funds Weigh In On Sanmina

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi acquired a new stake in Sanmina during the 1st quarter worth about $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sanmina by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after purchasing an additional 1,387 shares during the period. United Services Automobile Association acquired a new stake in Sanmina during the first quarter worth approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Sanmina by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock worth $9,621,000 after purchasing an additional 12,061 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Sanmina by 572.5% in the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after buying an additional 67,973 shares during the period. Institutional investors and hedge funds 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.