Jure Sola Sells 118,368 Shares of Sanmina (NASDAQ:SANM) Stock

Key Points

• CEO Jure Sola sold 118,368 shares of Sanmina stock on May 6 at an average price of $228.84, totaling about $27.1 million. After the sale, he still directly owned 1,227,573 shares, and the transaction reduced his position by 8.79%.
• Sanmina reported stronger-than-expected quarterly results, with EPS of $3.16 versus the $2.42 consensus and revenue of $4.01 billion versus $3.28 billion expected. Revenue more than doubled year over year, and the company issued Q3 2026 and full-year 2026 guidance above prior results.
• Analyst sentiment remains cautiously positive, with recent upgrades from Weiss Ratings and Zacks Research, while the broader consensus is still “Moderate Buy” with a $150 target price. Meanwhile, institutional ownership remains high at 92.71%.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) CEO Jure Sola sold 118,368 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,227,573 shares in the company, valued at $280,917,805.32. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sanmina Price Performance

SANM traded up $11.26 during trading on Friday, hitting $248.35. 1,138,334 shares of the company traded hands, compared to its average volume of 853,605. The stock's 50-day simple moving average is $152.76 and its two-hundred day simple moving average is $153.97. Sanmina Corporation has a 1 year low of $78.43 and a 1 year high of $255.22. The company has a market cap of $13.31 billion, a PE ratio of 52.51, a P/E/G ratio of 0.91 and a beta of 1.51. 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 (NASDAQ:SANM - Get Free Report) last posted its 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 firm 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 business's quarterly revenue was up 102.3% on a year-over-year basis. During the same period in the previous year, the firm 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Sanmina from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, April 29th. Susquehanna assumed coverage on shares of Sanmina in a research note on Wednesday, April 1st. They set a "neutral" rating and a $135.00 price target on the stock. JPMorgan Chase & Co. began coverage on Sanmina in a research report on Monday, March 30th. They set a "neutral" rating and a $145.00 price target for the company. Argus increased their price objective on Sanmina to $200.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Finally, Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.00.

Institutional Investors Weigh In On Sanmina

Hedge funds have recently modified their holdings of the company. AlphaQuest LLC grew its stake in Sanmina by 10,472.1% in the 3rd quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker's stock valued at $1,266,000 after acquiring an additional 10,891 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Sanmina in the 3rd quarter worth approximately $5,066,000. Asset Management One Co. Ltd. acquired a new position in Sanmina during the third quarter worth $1,472,000. Allianz Asset Management GmbH increased its position in Sanmina by 3.7% during the third quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker's stock worth $89,395,000 after purchasing an additional 27,384 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sanmina during the 3rd quarter valued at approximately $1,891,000. 92.71% of the stock is 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.

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