Short Interest in Sanmina Corporation (NASDAQ:SANM) Drops By 14.0%

Key Points

• Short interest dropped 14.0% in March to 2,439,385 shares (about 4.6% of shares short) with a short-interest ratio of 3.4 days based on average daily volume.
• Analyst activity is mixed: several firms initiated or adjusted coverage toward "Hold"/neutral (JPMorgan, Susquehanna, Zacks, Weiss) while Argus maintains a $200 buy, leaving a consensus rating of Hold and an average price target of $150.
• Insiders have been selling—14,599 shares valued at about $2.29M in the last 90 days (CFO sold 10,075 shares)—even as the stock traded up to $174.18 after Sanmina reported a beat (Q1 EPS $2.38, revenue up 59% YoY) and guided Q2 EPS to $2.25–$2.55.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,439,385 shares, a decrease of 14.0% from the March 15th total of 2,837,967 shares. Currently, 4.6% of the company's shares are short sold. Based on an average daily volume of 715,246 shares, the short-interest ratio is currently 3.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SANM shares. JPMorgan Chase & Co. assumed coverage on Sanmina in a research report on Monday, March 30th. They set a "neutral" rating and a $145.00 price target on the stock. Zacks Research cut shares of Sanmina from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Weiss Ratings lowered shares of Sanmina from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st. Argus upped their price target on shares of Sanmina to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Finally, Susquehanna began coverage on shares of Sanmina in a report on Wednesday, April 1st. They set a "neutral" rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $150.00.

Insider Buying and Selling

In related news, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction dated Tuesday, February 24th. The shares were 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 $13,871,206.80. This trade represents a 10.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David V. Hedley III sold 1,024 shares of the company's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the transaction, the director owned 6,340 shares in the company, valued at $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,599 shares of company stock valued at $2,290,728 in the last 90 days. Company insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Sanmina

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC grew its holdings in shares of Sanmina by 10,472.1% during the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker's stock valued at $1,266,000 after buying an additional 10,891 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Sanmina during the 3rd quarter worth about $5,066,000. Allianz Asset Management GmbH grew its stake in 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 purchasing an additional 27,384 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in Sanmina during the 3rd quarter valued at about $1,472,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Sanmina by 81.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 373,839 shares of the electronics maker's stock valued at $43,560,000 after purchasing an additional 168,376 shares during the period. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Up 3.1%

Shares of NASDAQ SANM traded up $5.21 during trading hours on Friday, hitting $174.18. 461,850 shares of the stock were exchanged, compared to its average volume of 778,266. 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 $9.51 billion, a PE ratio of 41.57, a PEG ratio of 0.68 and a beta of 1.05. The firm has a fifty day moving average price of $139.38 and a 200-day moving average price of $146.79. Sanmina has a 12 month low of $71.84 and a 12 month high of $185.29.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.23. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. Sanmina's revenue was up 59.0% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts expect that Sanmina will post 5.15 EPS for the current year.

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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