Insider Selling: Sanmina (NASDAQ:SANM) Director Sells $166,205.44 in Stock

Sanmina Corporation (NASDAQ:SANM) Director David Hedley III sold 1,024 shares of the firm’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 transaction, the director directly owned 6,340 shares in the company, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded up $3.15 on Wednesday, reaching $161.32. 671,933 shares of the company’s stock were exchanged, compared to its average volume of 866,090. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $185.29. The company has a fifty day moving average of $155.58 and a 200-day moving average of $142.25. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 0.67 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.23. The business 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 firm’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, research analysts predict that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. boosted its holdings in shares of Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Sanmina in the third quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Sanmina during the third quarter valued at about $34,000. TD Waterhouse Canada Inc. boosted 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 valued at $39,000 after purchasing an additional 85 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Sanmina during the fourth quarter worth about $39,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on SANM. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Argus increased their price target on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $160.00.

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.