Analysts Set Sanmina Corporation (NASDAQ:SANM) PT at $155.00

Sanmina Corporation (NASDAQ:SANM) has received an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $150.00.

Several brokerages have recently commented on SANM. Susquehanna assumed coverage on shares of Sanmina in a research note on Wednesday. They set a “neutral” rating and a $135.00 price objective for the company. Argus raised their price target on Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. began coverage on shares of Sanmina in a research note on Monday. They set a “neutral” rating and a $145.00 target price on the stock.

Insider Buying and Selling

In related news, EVP Alan Mcwilliams Reid sold 3,500 shares of Sanmina stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the completion of the transaction, the executive vice president directly owned 33,981 shares of the company’s stock, valued at $5,044,479.45. This trade represents a 9.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the sale, the director owned 6,340 shares in the company, valued at approximately $1,029,045.40. This trade represents a 13.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,599 shares of company stock worth $2,290,728 in the last three months. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of Sanmina

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC lifted its position in Sanmina by 10,472.1% in the 3rd quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock valued at $1,266,000 after acquiring an additional 10,891 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Sanmina by 42.4% in the 2nd quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after purchasing an additional 372,829 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Sanmina by 20.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after purchasing an additional 213,025 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Sanmina in the third quarter worth $5,066,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Sanmina by 3.7% in the third quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock worth $89,395,000 after purchasing an additional 27,384 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $130.18 on Monday. The company’s fifty day moving average is $142.24 and its 200 day moving average is $144.91. Sanmina has a 52 week low of $63.67 and a 52 week high of $185.29. The stock has a market cap of $7.11 billion, a PE ratio of 31.07, a PEG ratio of 0.59 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75.

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

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.