Sanmina Stock Price, News & Analysis (NASDAQ:SANM)

Sanmina's stock was trading at $57.29 at the beginning of the year. Since then, SANM shares have decreased by 12.1% and is now trading at $50.38.
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Sanmina saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,480,000 shares, an increase of 27.8% from the October 31st total of 1,940,000 shares. Based on an average daily trading volume, of 416,500 shares, the days-to-cover ratio is presently 6.0 days. Currently, 4.5% of the shares of the stock are short sold.
View Sanmina's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our SANM earnings forecast.

Sanmina Co. (NASDAQ:SANM) issued its quarterly earnings results on Monday, November, 6th. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by $0.11. The electronics maker had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.15 billion. Sanmina had a trailing twelve-month return on equity of 14.52% and a net margin of 3.43%. Sanmina's revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS.

ETFs with the largest weight of Sanmina (NASDAQ:SANM) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Quality ETF (XSHQ), Cambria Shareholder Yield ETF (SYLD), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and First Trust Active Factor Small Cap ETF (AFSM).

Sanmina declared that its Board of Directors has authorized a share buyback program on Thursday, May 11th 2023, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Sanmina issued an update on its first quarter earnings guidance on Monday, November, 6th. The company provided EPS guidance of $1.20-$1.30 for the period, compared to the consensus earnings per share estimate of $1.52. The company issued revenue guidance of $1.85-$1.95 billion, compared to the consensus revenue estimate of $2.19 billion.

75 employees have rated Sanmina Chief Executive Officer Michael Clarke on Glassdoor.com. Michael Clarke has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), Advanced Micro Devices (AMD), NVIDIA (NVDA), Skyworks Solutions (SWKS), Micron Technology (MU), Intel (INTC), AbbVie (ABBV), Tesla (TSLA), Pfizer (PFE) and QUALCOMM (QCOM).

Sanmina's stock is owned by a number of retail and institutional investors. Top institutional investors include LSV Asset Management (3.20%), Fuller & Thaler Asset Management Inc. (3.18%), Earnest Partners LLC (2.03%), Morgan Stanley (1.95%), Northern Trust Corp (1.42%) and American Century Companies Inc. (1.44%). Insiders that own company stock include Alan Mcwilliams Reid, Andrew C Petrik, Brent Billinger, David V Hedley III, Eugene A Delaney, John Goldsberry, Jure Sola and Kurt Adzema.
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Shares of SANM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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