Jonathan Faust Sells 10,076 Shares of Sanmina (NASDAQ:SANM) Stock

Sanmina Corporation (NASDAQ:SANM) CFO Jonathan Faust sold 10,076 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the transaction, the chief financial officer directly owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanmina Stock Performance

Shares of Sanmina stock opened at $278.36 on Wednesday. The business’s fifty day simple moving average is $190.37 and its 200 day simple moving average is $165.65. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. Sanmina Corporation has a 12 month low of $85.66 and a 12 month high of $279.23. The firm has a market capitalization of $14.92 billion, a P/E ratio of 58.85, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

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

Analyst Ratings Changes

SANM has been the subject of a number of recent analyst reports. Susquehanna assumed coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target for the company. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Sanmina presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Hedge Funds Weigh In On Sanmina

A number of hedge funds and other institutional investors have recently modified their holdings of SANM. Invesco Ltd. raised its holdings in shares of Sanmina by 74.6% during the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after buying an additional 933,974 shares in the last quarter. Norges Bank bought a new stake in Sanmina in the 4th quarter worth approximately $101,751,000. Fisher Asset Management LLC boosted its stake in Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after buying an additional 483,312 shares in the last quarter. Marshall Wace LLP grew its position in Sanmina by 520.3% during the fourth quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock valued at $64,308,000 after acquiring an additional 359,441 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Sanmina during the fourth quarter valued at approximately $53,430,000. 92.71% of the stock is currently owned by hedge funds and other 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.