Sanmina (NASDAQ:SANM) Reaches New 12-Month High - Here's Why

Key Points

• Sanmina hit a new 52-week high, trading as high as $236.63 and last at $231.68 during mid-day trading, with the stock up about 3.1%.
• The company beat earnings and revenue estimates—Q reported EPS $3.16 vs. $2.42 expected and revenue $4.01B vs. $3.28B expected, with revenue up 102.3% YoY and FY2026 guidance set at $10.75–11.35 EPS.
• Analysts maintain a Moderate Buy consensus but an average price target of $150 (well below the current price), while insiders sold ~42,664 shares last quarter and institutional investors own about 92.7% of the stock.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $236.63 and last traded at $231.6790, with a volume of 140589 shares traded. The stock had previously closed at $221.89.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Susquehanna assumed coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a "neutral" rating and a $135.00 price target for the company. Argus lifted their price objective on shares of Sanmina to $200.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday. Weiss Ratings raised shares of Sanmina from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research report on Monday, March 30th. They issued a "neutral" rating and a $145.00 price target on the stock. One 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $150.00.

Sanmina Stock Up 3.1%

The company has a market cap of $12.26 billion, a PE ratio of 48.37, a PEG ratio of 0.83 and a beta of 1.51. The stock's 50 day moving average price is $149.37 and its 200-day moving average price is $152.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The company had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $3.28 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The firm's revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. On average, analysts predict that Sanmina Corporation will post 9.36 earnings per share for the current year.

Insider Buying and Selling at Sanmina

In related news, CFO Jonathan P. Faust sold 10,075 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total value of $1,604,947.50. Following the transaction, the chief financial officer owned 87,076 shares of the company's stock, valued at approximately $13,871,206.80. This trade represents a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David V. Hedley III sold 1,024 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the sale, the director owned 6,340 shares in the company, valued at approximately $1,029,045.40. The trade was a 13.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,664 shares of company stock valued at $8,224,670 in the last quarter. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Sanmina

Institutional investors and hedge funds have recently modified their holdings of the stock. Amundi purchased a new position in Sanmina during the first quarter worth $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $2,435,000 after buying an additional 1,387 shares during the period. United Services Automobile Association purchased a new position in Sanmina during the first quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 worth $9,621,000 after buying an additional 12,061 shares during the period. Finally, Jane Street Group LLC boosted its stake in Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker's stock worth $6,083,000 after buying an additional 67,973 shares during the period. 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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