Insider Selling: Sanmina (NASDAQ:SANM) EVP Sells 1,000 Shares of Stock

Key Points

• Sanmina EVP Alan Mcwilliams Reid sold 1,000 shares on May 1 at an average price of $218.17 for $218,170, reducing his stake by 3.08% to 31,481 shares; he also sold 3,500 shares on Feb. 13 at $148.45.
• Strong quarterly beat and guidance: Sanmina reported EPS of $3.16 (vs. $2.42 est.) and revenue of $4.01B (up ~102% YoY), and set FY2026 guidance of 10.75–11.35 EPS, with a consensus "Moderate Buy" and $150 price target.
• Stock reaction and valuation: Shares slid about 3% to $216.54, trading near their 52-week high ($230.56), with a market cap of $11.6B, a P/E of 45.78, and roughly 92.7% institutional ownership.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) EVP Alan Mcwilliams Reid sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.17, for a total value of $218,170.00. Following the completion of the sale, the executive vice president directly owned 31,481 shares of the company's stock, valued at $6,868,209.77. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alan Mcwilliams Reid also recently made the following trade(s):

• On Friday, February 13th, Alan Mcwilliams Reid sold 3,500 shares of Sanmina stock. The stock was sold at an average price of $148.45, for a total value of $519,575.00.

Sanmina Trading Down 3.0%

Shares of SANM stock traded down $6.73 on Monday, reaching $216.54. 687,788 shares of the company's stock were exchanged, compared to its average volume of 841,157. Sanmina Corporation has a 52 week low of $77.35 and a 52 week high of $230.56. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $11.61 billion, a PE ratio of 45.78, a P/E/G ratio of 0.86 and a beta of 1.51. The company's fifty day simple moving average is $147.92 and its 200 day simple moving average is $151.83.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company earned $1.16 EPS. Sanmina's quarterly revenue was up 102.3% compared to the same quarter last year. 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 forecast that Sanmina Corporation will post 9.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SANM. Weiss Ratings raised Sanmina from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Susquehanna initiated coverage on Sanmina in a research report on Wednesday, April 1st. They set a "neutral" rating and a $135.00 target price for the company. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Argus lifted their target price on Sanmina to $200.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Sanmina has a consensus rating of "Moderate Buy" and a consensus price target of $150.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SANM. Invesco Ltd. raised its position in shares of Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock worth $251,590,000 after acquiring an additional 933,974 shares in the last quarter. Norges Bank bought a new position in shares of Sanmina in the 4th quarter worth $101,751,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Sanmina in the 3rd quarter worth $61,946,000. Fisher Asset Management LLC raised its position in shares of Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock worth $97,571,000 after acquiring an additional 483,312 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Sanmina by 520.3% in the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker's stock worth $64,308,000 after acquiring an additional 359,441 shares in the last quarter. 92.71% of the stock is owned by 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.

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