Insider Selling: Sanmina (NASDAQ:SANM) Director Sells 500 Shares of Stock

Key Points

• Sanmina director David Hedley III sold 500 shares on May 1 at an average price of $219.52 for $109,760, leaving him with 7,376 shares (a 6.35% reduction in his ownership).
• Sanmina materially beat quarterly expectations, reporting $3.16 EPS vs. $2.42 expected and $4.01 billion in revenue vs. $3.28 billion expected, with revenue up 102.3% year-over-year and FY2026 guidance of 10.75–11.35 EPS.
• Institutional ownership is very high (92.71%) and analysts are mixed, with an average rating of "Moderate Buy" and an average price target of $150, versus a recent trading price near $216.54.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) Director David Hedley III sold 500 shares of Sanmina stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the completion of the transaction, the director directly owned 7,376 shares of the company's stock, valued at $1,619,179.52. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sanmina Price Performance

Shares of Sanmina stock traded down $6.73 during trading on Monday, reaching $216.54. The company's stock had a trading volume of 687,788 shares, compared to its average volume of 841,157. The stock has a 50-day moving average price of $147.92 and a two-hundred day moving average price of $151.83. 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 one year low of $77.35 and a one year high of $230.56. The stock has a market capitalization of $11.61 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.74. The firm 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 company's quarterly revenue was up 102.3% compared to the same quarter last year. During the same period in the previous year, the business posted $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, sell-side analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Sanmina

Several hedge funds have recently made changes to their positions in SANM. Optiver Holding B.V. lifted its holdings 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 worth $25,000 after buying an additional 59 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina in the 3rd quarter worth $26,000. Root Financial Partners LLC purchased a new stake in shares of Sanmina in the 3rd quarter worth $34,000. Employees Retirement System of Texas purchased a new stake in shares of Sanmina in the 4th quarter worth $39,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Sanmina in the 3rd quarter worth $41,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on SANM. Susquehanna began coverage on Sanmina in a report on Wednesday, April 1st. They set a "neutral" rating and a $135.00 price objective for the company. Weiss Ratings raised Sanmina from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday. Argus boosted their price objective on Sanmina to $200.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. initiated coverage on Sanmina in a report on Monday, March 30th. They set a "neutral" rating and a $145.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $150.00.

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.

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