Sanmina Corporation (NASDAQ:SANM) Sees Significant Decrease in Short Interest

Sanmina Corporation (NASDAQ:SANM) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,008,896 shares, a decrease of 52.2% from the June 15th total of 2,110,739 shares. Based on an average daily volume of 2,494,078 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.9% of the company’s shares are sold short.

Sanmina Trading Down 4.5%

Shares of NASDAQ:SANM traded down $9.28 during trading on Thursday, reaching $198.05. 681,228 shares of the stock were exchanged, compared to its average volume of 954,119. The firm’s 50-day moving average price is $240.93 and its 200 day moving average price is $184.28. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. Sanmina has a 12-month low of $95.49 and a 12-month high of $288.68. 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 posted its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm posted $1.16 earnings per share. Sanmina’s revenue for the quarter 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, sell-side analysts anticipate that Sanmina will post 9.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Susquehanna started coverage on shares of Sanmina in a research note on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target on the stock. Finally, Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $160.00.

Insider Buying and Selling at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David V. Hedley III sold 500 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the completion of the transaction, the director owned 7,376 shares of the company’s stock, valued at $1,619,179.52. The trade was a 6.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 156,509 shares of company stock valued at $35,699,476. 3.10% of the stock is currently owned by insiders.

Institutional Trading of Sanmina

Several large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina in the third quarter worth about $26,000. Employees Retirement System of Texas purchased a new stake in shares of Sanmina during the 4th quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. lifted its position in Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Sanmina by 235.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 259 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Sanmina in the 4th quarter worth approximately $60,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

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.