Sanmina Corporation (NASDAQ:SANM) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus recommendation of Hold on Sanmina (five holds, one buy) with an average 12‑month price target of $150, though broker targets range from about $135–$145 to Argus's $200 buy.
• Sanmina beat Q1 expectations with EPS of $2.38 (vs. $2.15) and $3.19B revenue (up 59% YoY) and issued Q2 guidance of 2.250–2.550 EPS.
• Shares are trading around $180 (near the 1‑year high), insiders have recently sold shares totaling ~14,599, and institutional investors own 92.71% of the stock.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) has earned a consensus recommendation of "Hold" from the six research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $150.00.

A number of research analysts have recently issued reports on the company. Argus upped their price target on Sanmina to $200.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. assumed coverage on Sanmina in a report on Monday, March 30th. They set a "neutral" rating and a $145.00 price target on the stock. Susquehanna assumed coverage on Sanmina in a report on Wednesday, April 1st. They set a "neutral" rating and a $135.00 price target on the stock. Zacks Research downgraded Sanmina from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Finally, Weiss Ratings downgraded Sanmina from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st.

Sanmina Trading Up 2.2%

Shares of NASDAQ:SANM opened at $180.02 on Friday. The company has a market cap of $9.83 billion, a P/E ratio of 42.96, a PEG ratio of 0.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. Sanmina has a 1 year low of $74.90 and a 1 year high of $185.29. The stock's fifty day moving average price is $142.16 and its 200-day moving average price is $148.90.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.23. The firm 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 company's quarterly revenue was up 59.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Sell-side analysts expect that Sanmina will post 8.69 earnings per share for the current year.

Insider Activity

In related news, CFO Jonathan P. Faust sold 10,075 shares of the company's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the sale, the chief financial officer owned 87,076 shares in the company, valued at approximately $13,871,206.80. This represents a 10.37% 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. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $148.45, for a total value of $519,575.00. Following the sale, the executive vice president owned 33,981 shares of the company's stock, valued at approximately $5,044,479.45. This trade represents a 9.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,599 shares of company stock valued at $2,290,728 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sanmina

A number of hedge funds have recently bought and sold shares of SANM. Amundi purchased a new stake in Sanmina during the first quarter valued at $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sanmina by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker's stock valued at $2,435,000 after acquiring an additional 1,387 shares during the last quarter. United Services Automobile Association purchased a new stake in Sanmina during the first quarter valued at $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker's stock valued at $9,621,000 after acquiring an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker's stock valued at $6,083,000 after acquiring an additional 67,973 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

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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