Sanmina (NASDAQ:SANM) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Sanmina's stock crossed above its 200-day moving average of $146.30, trading as high as $153.81 and last at $153.50 on a volume of 450,872 shares, signaling a potential technical breakout.
• Strong quarterly results: The company beat expectations with $2.38 EPS (vs. $2.15) and $3.19B revenue (vs. $3.09B), with revenue up 59% year-over-year and Q2 2026 guidance of $2.25–$2.55 EPS.
• Mixed analyst sentiment: Sanmina has a consensus "Hold" rating with an average price target of $150, reflecting divergent analyst targets from about $135 to $200 (one Buy and five Holds).

Sanmina Corporation (NASDAQ:SANM - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $146.30 and traded as high as $153.81. Sanmina shares last traded at $153.50, with a volume of 450,872 shares traded.

Analysts Set New Price Targets

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

Sanmina Stock Performance

The business has a fifty day simple moving average of $138.68 and a two-hundred day simple moving average of $146.30. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The company has a market cap of $8.38 billion, a P/E ratio of 36.63, a P/E/G ratio of 0.65 and a beta of 1.05.

Sanmina (NASDAQ:SANM - Get Free Report) last released 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. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company posted $1.16 EPS. The business's quarterly revenue was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current year.

Insider Activity at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the completion of the sale, the executive vice president directly owned 33,981 shares of the company's stock, valued at approximately $5,044,479.45. This represents a 9.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 87,076 shares in the company, valued at $13,871,206.80. The trade was a 10.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 14,599 shares of company stock worth $2,290,728. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sanmina

A number of institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in Sanmina by 22.0% during the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker's stock valued at $400,273,000 after purchasing an additional 481,588 shares during the period. Geode Capital Management LLC raised its stake in shares of Sanmina by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock worth $244,500,000 after buying an additional 58,529 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker's stock valued at $89,395,000 after buying an additional 27,384 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Sanmina by 17.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker's stock valued at $109,907,000 after acquiring an additional 108,202 shares during the period. Finally, Norges Bank bought a new position in shares of Sanmina during the 4th quarter valued at approximately $101,751,000. 92.71% of the stock is owned by institutional investors.

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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