Sanmina (NASDAQ:SANM) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Sanmina (NASDAQ:SANM) in a report issued on Monday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $145.00 price objective on the electronics maker’s stock.

A number of other equities analysts have also recently issued reports on SANM. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Argus upped their target price on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Sanmina has a consensus rating of “Moderate Buy” and a consensus price target of $155.00.

Sanmina Price Performance

Shares of SANM stock opened at $124.03 on Monday. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 0.59 and a beta of 1.01. Sanmina has a 12 month low of $63.67 and a 12 month high of $185.29. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $144.16 and a 200 day moving average price of $144.92.

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

Insiders Place Their Bets

In related news, EVP Alan Mcwilliams Reid sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $148.45, for a total value of $519,575.00. Following the completion of the transaction, the executive vice president directly owned 33,981 shares in the company, valued at approximately $5,044,479.45. The trade was a 9.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David V. Hedley III sold 1,024 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total value of $166,205.44. Following the sale, the director directly owned 6,340 shares of the company’s stock, valued at approximately $1,029,045.40. The trade was a 13.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,599 shares of company stock worth $2,290,728 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. grew its position in Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Park Avenue Securities LLC raised its position in Sanmina by 2.1% in 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 during the last quarter. Vise Technologies Inc. raised its position in Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after purchasing an additional 71 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Sanmina by 7.7% during the third quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker’s stock valued at $129,000 after purchasing an additional 81 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Sanmina by 1.4% during the third quarter. Allworth Financial LP now owns 5,795 shares of the electronics maker’s stock valued at $667,000 after purchasing an additional 81 shares in the last quarter. 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.