Sanmina (NASDAQ:SANM) EVP Alan Mcwilliams Reid Sells 1,000 Shares

Sanmina Corporation (NASDAQ:SANM) EVP Alan Mcwilliams Reid sold 1,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the completion of the transaction, the executive vice president directly owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alan Mcwilliams Reid also recently made the following trade(s):

• On Friday, February 13th, Alan Mcwilliams Reid sold 3,500 shares of Sanmina stock. The shares were sold at an average price of $148.45, for a total value of $519,575.00.

Sanmina Stock Down 3.0%

NASDAQ:SANM traded down $6.73 during mid-day trading on Monday, hitting $216.54. 687,788 shares of the company’s stock traded hands, compared to its average volume of 841,157. The company has a fifty day moving average of $147.92 and a 200 day moving average of $151.83. Sanmina Corporation has a twelve month low of $77.35 and a twelve month high of $230.56. The company has a market capitalization of $11.61 billion, a P/E ratio of 45.78, a P/E/G ratio of 0.86 and a beta of 1.51. 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) last announced its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm’s quarterly revenue was up 102.3% compared to the same quarter last year. 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 forecast that Sanmina Corporation will post 9.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SANM shares. JPMorgan Chase & Co. started coverage on Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Susquehanna started coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective on the stock. Argus increased their price objective on Sanmina to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sanmina presently has an average rating of “Moderate Buy” and an average target price of $150.00.

Institutional Trading of Sanmina

A number of hedge funds have recently modified their holdings of the stock. Archer Investment Corp purchased a new stake in shares of Sanmina in the first quarter worth about $156,000. Principal Financial Group Inc. boosted its position in Sanmina by 2.4% during the first quarter. Principal Financial Group Inc. now owns 319,487 shares of the electronics maker’s stock worth $41,418,000 after purchasing an additional 7,568 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Sanmina by 2.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 28,258 shares of the electronics maker’s stock worth $3,664,000 after purchasing an additional 581 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in Sanmina by 7.2% during the first quarter. 180 Wealth Advisors LLC now owns 1,810 shares of the electronics maker’s stock worth $235,000 after purchasing an additional 122 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Sanmina by 7,723.8% in the first quarter. Fifth Third Bancorp now owns 36,850 shares of the electronics maker’s stock valued at $4,777,000 after acquiring an additional 36,379 shares in the last quarter. Hedge funds and other institutional investors 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.