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NASDAQ:SANM

Sanmina (SANM) Stock Price, News & Analysis

$57.79
-0.43 (-0.74%)
(As of 04:00 PM ET)
Today's Range
$57.66
$58.80
50-Day Range
$57.91
$65.82
52-Week Range
$43.40
$69.69
Volume
407,626 shs
Average Volume
500,545 shs
Market Capitalization
$3.28 billion
P/E Ratio
12.48
Dividend Yield
N/A
Price Target
$62.50

Sanmina MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.2% Upside
$62.50 Price Target
Short Interest
Healthy
2.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.37
Upright™ Environmental Score
News Sentiment
0.64mentions of Sanmina in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$84,284 Sold Last Quarter
Proj. Earnings Growth
30.64%
From $4.70 to $6.14 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.24 out of 5 stars

Computer And Technology Sector

150th out of 582 stocks

Printed Circuit Boards Industry

2nd out of 10 stocks

SANM stock logo

About Sanmina Stock (NASDAQ:SANM)

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems. In addition, the company provides components, such as printed circuit boards, backplane and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace product, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.

SANM Stock Price History

SANM Stock News Headlines

Will this $2 AI stock double overnight?
It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!
Sanmina: A Balancing Act
Will this $2 AI stock double overnight?
It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!
SANM Jul 2024 30.000 put
13 Best Electronic Stocks To Buy Now
SANM Mar 2024 50.000 put
What To Do After Sanmina Gained Over 20%
Sanmina Shares Climb 15% on Upbeat 2Q Forecast
See More Headlines
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Company Calendar

Last Earnings
1/29/2024
Today
4/19/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
Electronic Manufacturing Services
Current Symbol
NASDAQ:SANM
CUSIP
80105610
Employees
34,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$62.50
High Stock Price Target
$80.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+7.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$309.97 million
Pretax Margin
4.48%

Debt

Sales & Book Value

Annual Sales
$8.94 billion
Cash Flow
$7.58 per share
Book Value
$39.84 per share

Miscellaneous

Free Float
55,045,000
Market Cap
$3.31 billion
Optionable
Optionable
Beta
1.04
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SANM Stock Analysis - Frequently Asked Questions

Should I buy or sell Sanmina stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SANM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SANM, but not buy additional shares or sell existing shares.
View SANM analyst ratings
or view top-rated stocks.

What is Sanmina's stock price target for 2024?

2 analysts have issued 12-month price targets for Sanmina's shares. Their SANM share price targets range from $45.00 to $80.00. On average, they predict the company's stock price to reach $62.50 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for SANM
or view top-rated stocks among Wall Street analysts.

How have SANM shares performed in 2024?

Sanmina's stock was trading at $51.37 on January 1st, 2024. Since then, SANM stock has increased by 12.5% and is now trading at $57.79.
View the best growth stocks for 2024 here
.

When is Sanmina's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our SANM earnings forecast
.

How were Sanmina's earnings last quarter?

Sanmina Co. (NASDAQ:SANM) issued its earnings results on Monday, January, 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.08. The electronics maker had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.87 billion. Sanmina had a net margin of 3.25% and a trailing twelve-month return on equity of 13.16%. The firm's quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.49 EPS.

How will Sanmina's stock buyback program work?

Sanmina announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 11th 2023, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

What guidance has Sanmina issued on next quarter's earnings?

Sanmina issued an update on its second quarter 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share (EPS) guidance of 1.200-1.300 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion.

What is Michael Clarke's approval rating as Sanmina's CEO?

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.

What other stocks do shareholders of Sanmina own?

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).

Who are Sanmina's major shareholders?

Sanmina's stock is owned by a number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.19%), Allspring Global Investments Holdings LLC (0.13%), Pacifica Partners Inc. (0.04%), Diversified Trust Co (0.03%), CWM LLC (0.01%) and Los Angeles Capital Management LLC (0.01%). 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, Kurt Adzema and Susan A Johnson.
View institutional ownership trends
.

How do I buy shares of Sanmina?

Shares of SANM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SANM) was last updated on 4/19/2024 by MarketBeat.com Staff

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