Sanmina (NASDAQ:SANM) Hits New 52-Week High - Here's What Happened

Key Points

• Sanmina hit a new 52-week high, trading as high as $187.27 (last $186.02) after reporting an earnings beat — Q1 EPS $2.38 vs. $2.15 est., revenue $3.19B vs. $3.09B and revenue up 59% year‑over‑year; Q2 EPS guidance is $2.25–2.55.
• Analyst views are mixed: the consensus rating is "Hold" with an average price target of $150 (one Buy and five Holds), though Argus has a $200 target while several firms recently lowered or initiated neutral ratings.
• Insiders have sold recently (14,599 shares worth ~$2.29M over three months) even as institutional ownership remains very high at 92.71% and insiders retain about 3.10% of the stock.

Shares of Sanmina Corporation (NASDAQ:SANM - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $187.27 and last traded at $186.0220, with a volume of 352412 shares trading hands. The stock had previously closed at $180.02.

Analysts Set New Price Targets

SANM has been the subject of several analyst reports. Susquehanna initiated coverage on shares of Sanmina in a research note on Wednesday, April 1st. They issued a "neutral" rating and a $135.00 target price for the company. Argus upped their target price on shares of Sanmina to $200.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research note on Monday, March 30th. They issued a "neutral" rating and a $145.00 target price for the company. Zacks Research downgraded shares of Sanmina from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Weiss Ratings downgraded shares of Sanmina from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $150.00.

Sanmina Stock Up 6.4%

The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 0.78 and a beta of 1.05. The stock's fifty day simple moving average is $142.16 and its two-hundred day simple moving average is $148.90. 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 (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.23. The company had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm's revenue was up 59.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts predict that Sanmina Corporation will post 8.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sanmina news, Director David V. Hedley III sold 1,024 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total transaction of $166,205.44. Following the sale, the director directly owned 6,340 shares of the company's stock, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the sale, the executive vice president directly owned 33,981 shares in the company, valued at $5,044,479.45. This trade represents a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,599 shares of company stock valued at $2,290,728. Company insiders own 3.10% of the company's stock.

Institutional Trading of Sanmina

A number of large investors have recently modified their holdings of the company. Optiver Holding B.V. increased 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 acquiring an additional 59 shares during the period. Park Avenue Securities LLC boosted its position in shares of Sanmina by 2.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker's stock valued at $487,000 after purchasing an additional 68 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Sanmina by 2.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker's stock valued at $417,000 after purchasing an additional 71 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Sanmina by 3.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker's stock valued at $295,000 after purchasing an additional 75 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Sanmina by 7.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker's stock valued at $129,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

About Sanmina

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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