Sanmina (NASDAQ:SANM) Sets New 1-Year High – Here’s Why

Sanmina Corporation (NASDAQ:SANM) shares 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 trading hands. The stock had previously closed at $174.73.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SANM. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $120.00.

Sanmina Stock Performance

The company has a market capitalization of $9.88 billion, a P/E ratio of 40.62, a P/E/G ratio of 0.85 and a beta of 1.05. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average is $157.90 and its 200 day moving average is $134.46.

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

Insider Buying and Selling

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total value of $103,260.24. Following the completion of the transaction, the insider owned 23,500 shares in the company, valued at $3,506,670. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sanmina

A number of large investors have recently modified their holdings of the company. Optiver Holding B.V. increased its holdings 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 period. Caitong International Asset Management Co. Ltd bought a new position in Sanmina in the 3rd quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of Sanmina during the 3rd quarter valued at $34,000. TD Waterhouse Canada Inc. increased its holdings in shares of Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 85 shares during the period. Finally, MAI Capital Management bought a new position in shares of Sanmina in the second quarter worth $41,000. 92.71% of the stock is currently owned by institutional investors.

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.