Sanmina (NASDAQ:SANM) CEO Sells $27,087,333.12 in Stock

Sanmina Corporation (NASDAQ:SANM) CEO Jure Sola sold 118,368 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total value of $27,087,333.12. Following the completion of the sale, the chief executive officer owned 1,227,573 shares of the company’s stock, valued at $280,917,805.32. This trade represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sanmina Price Performance

NASDAQ SANM opened at $248.35 on Monday. The business’s fifty day moving average is $152.76 and its 200 day moving average is $153.97. Sanmina Corporation has a fifty-two week low of $78.43 and a fifty-two week high of $255.22. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. The company has a market capitalization of $13.31 billion, a PE ratio of 52.51, a price-to-earnings-growth ratio of 0.95 and a beta of 1.51.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.74. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The business’s quarterly revenue was up 102.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 earnings per share. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Sell-side analysts predict that Sanmina Corporation will post 9.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SANM shares. Susquehanna assumed coverage on shares of Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. began coverage on Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target for the company. Finally, Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.00.

Hedge Funds Weigh In On Sanmina

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi purchased a new stake in Sanmina in the 1st quarter worth $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Sanmina by 4.5% in 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 last quarter. United Services Automobile Association purchased a new stake in shares of Sanmina in the first quarter worth about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of 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 buying an additional 12,061 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Sanmina by 572.5% during 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 last quarter. 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.