Sanmina (NASDAQ:SANM) Shares Down 7.9% – What’s Next?

Sanmina Corporation (NASDAQ:SANM) shares were down 7.9% on Monday . The stock traded as low as $141.20 and last traded at $142.9340. Approximately 467,392 shares were traded during trading, a decline of 45% from the average daily volume of 849,871 shares. The stock had previously closed at $155.26.

Analyst Upgrades and Downgrades

SANM has been the topic of several research reports. Argus lifted their target price on Sanmina to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $160.00.

Sanmina Stock Performance

The firm has a market cap of $7.79 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. 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 business has a 50 day simple moving average of $156.35 and a two-hundred day simple moving average of $143.06.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping 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 firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The business’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. As a group, equities research analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Insider Activity at Sanmina

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 sale, the executive vice president owned 33,981 shares in the company, valued at approximately $5,044,479.45. The trade was a 9.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of the firm’s stock in a transaction dated 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 $13,871,206.80. This trade represents a 10.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 15,291 shares of company stock worth $2,393,988. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

A number of large investors have recently modified their holdings of the business. Optiver Holding B.V. raised its position in shares of Sanmina by 36.6% in the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Sanmina during the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Sanmina in the third quarter worth $34,000. TD Waterhouse Canada Inc. lifted its stake in shares of Sanmina by 27.2% during the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after buying an additional 85 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of Sanmina during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

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.