NASDAQ:SANM

Sanmina (SANM) Stock Forecast, Price & News

$54.27

-0.01 (-0.02%)

(As of 01:47 PM ET)

Compare

Today's Range: $53.72
▼
$54.46
50-Day Range: $52.05
▼
$61.46
52-Week Range: $45.83
▼
$69.28

Volume: 84,945 shs
Average Volume: 401,288 shs
Market Capitalization: $3.16 billion

P/E Ratio: 10.50
Dividend Yield: N/A
Price Target: $73.00

Sanmina MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 34.5% Upside
$73.00 Price Target
Short Interest: Healthy
2.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.37
Upright™ Environmental Score
News Sentiment: 1.33
Based on 6 Articles This Week
Insider Trading: Selling Shares
$7.43 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Computer And Technology Sector

152nd out of 611 stocks

Printed Circuit Boards Industry

2nd out of 10 stocks

3.5

Analyst's Opinion

Consensus Rating
Sanmina has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.00, Sanmina has a forecasted upside of 34.5% from its current price of $54.26.
Amount of Analyst Coverage
Sanmina has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.16% of the float of Sanmina has been sold short.
Short Interest Ratio / Days to Cover
Sanmina has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sanmina has recently decreased by 1.64%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Sanmina does not currently pay a dividend.
Dividend Growth
Sanmina does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sanmina has received a 26.51% net impact score from Upright. Sanmina seems to create the most significant positive value in categories "Jobs", "Taxes", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Servers", "Fibre-optic cables used for internet provision", and "Telecommunications antennae" products. See details.
Environmental Sustainability
The Environmental Impact score for Sanmina is -1.37.

3.5

News and Social Media Coverage

News Sentiment
Sanmina has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Sanmina this week, compared to 4 articles on an average week.
Search Interest
Only 3 people have searched for SANM on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
4 people have added Sanmina to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sanmina insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,427,956.00 in company stock.
Percentage Held by Insiders
Only 3.03% of the stock of Sanmina is held by insiders.
Percentage Held by Institutions
90.26% of the stock of Sanmina is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Sanmina is 10.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sanmina is 10.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 227.24.
Price to Book Value per Share Ratio
Sanmina has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sanmina (NASDAQ:SANM) Stock

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 part, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace products; 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, cloud solutions, clean technology, computing and storage, multimedia, and oil and gas industries. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.

SANM Price History

30 days | 90 days | 365 days | Advanced Chart

SANM Stock News Headlines

September 28, 2023 | marketbeat.com

5 Cheap Ways to Ride The AI Supercycle to Profits (SANM)

The 4th Industrial Revolution gained momentum with the advance of AI, and these stocks are poised to benefit over the long term

September 25, 2023 | benzinga.com

Sustainable Electronics Manufacturing Market Set to Soar with 25% CAGR, Targeting US$150 Billion by 2030

October 2, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.

September 11, 2023 | finance.yahoo.com

Returns Are Gaining Momentum At Sanmina (NASDAQ:SANM)

September 6, 2023 | benzinga.com

IVD Contract Manufacturing Market worth $26.7 billion by 2028

August 29, 2023 | finance.yahoo.com

Scott Black's Q2 2023 13F Filing: Key Trades and Portfolio Overview

August 25, 2023 | finance.yahoo.com

What Is Sanmina Corporation's (NASDAQ:SANM) Share Price Doing?

August 22, 2023 | benzinga.com

Chairman and CEO at Sanmina Exercises Options Worth $10.98M

October 2, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

August 21, 2023 | finance.yahoo.com

Sanmina Corp Chairman and CEO Jure Sola Sells 129,762 Shares

August 18, 2023 | msn.com

Siemens to open utility-scale inverter factory in Wisconsin

August 11, 2023 | finance.yahoo.com

Is Now The Time To Put Sanmina (NASDAQ:SANM) On Your Watchlist?

August 8, 2023 | finance.yahoo.com

Viking Enterprise Solutions Introduces Dense, Unified Storage Solution for High Capacity, Storage Environments

August 4, 2023 | msn.com

Joe Biden’s ‘Buy America’ policy on infrastructure projects leads to factory jobs in Wisconsin

August 3, 2023 | msn.com

Vice President Kamala Harris visits Wisconsin Thursday, marking first stop in 2024 campaign cycle

August 3, 2023 | finance.yahoo.com

NOK Aug 2023 1.500 call

August 3, 2023 | finance.yahoo.com

Sanmina Corporation: Solid execution; reiterating BUY

August 3, 2023 | marketwatch.com

Nokia Partners With Sanmina to Manufacture Broadband Network Products in US

August 1, 2023 | finance.yahoo.com

Q3 2023 Sanmina Corp Earnings Call

August 1, 2023 | seekingalpha.com

Sanmina Corporation 2023 Q3 - Results - Earnings Call Presentation

July 31, 2023 | za.investing.com

Sanmina reports Q3 EPS beat while revenues slightly miss

July 31, 2023 | msn.com

Sanmina Non-GAAP EPS of $1.55, revenue of $2.21B

July 31, 2023 | washingtonpost.com

Sanmina: Fiscal Q3 Earnings Snapshot

July 31, 2023 | markets.businessinsider.com

Sanmina Corporation Q3 sales increase

July 31, 2023 | finance.yahoo.com

Sanmina's Third Quarter Fiscal 2023 Financial Results

July 28, 2023 | benzinga.com

Earnings Outlook For Sanmina

July 26, 2023 | finance.yahoo.com

SANMINA CORPORATION INVITES YOU TO JOIN ITS THIRD QUARTER FISCAL 2023 EARNINGS CONFERENCE CALL

See More Headlines

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SANM Company Calendar

Last Earnings: 7/31/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 9/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Printed circuit boards
Sub-Industry: Electronic Manufacturing Services
Sector: Computer and Technology
Current Symbol: NASDAQ:SANM
CUSIP: 80105610
CIK: 897723
Web: www.sanmina.com
Phone: (408) 964-3500
Fax: 408-964-3440
Employees: 34,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $73.00
High Stock Price Forecast: $78.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +34.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.17
Trailing P/E Ratio: 10.50
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $240.38 million
Net Margins: 3.40%
Pretax Margin: 4.44%
Return on Equity: 15.77%
Return on Assets: 6.62%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 1.83
Quick Ratio: 1.14

Sales & Book Value

Annual Sales: $7.89 billion
Price / Sales: 0.40
Cash Flow: $6.82 per share
Price / Cash Flow: 7.96
Book Value: $31.48 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 58,200,000
Free Float: 56,437,000
Market Cap: $3.16 billion
Optionable: Optionable
Beta: 1.20

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Key Executives

Mr. Jure Sola (Age 72)
Co-Founder, Exec. Chairman & CEO
Comp: $4.89M

Mr. Kurt Adzema (Age 54)
Exec. VP & CFO
Comp: $1.09M

Mr. Alan McWilliams Reid (Age 60)
Exec. VP of Global HR
Comp: $762.22k

Mr. Brent Billinger (Age 59)
Principal Accounting Officer, Sr. VP & Corp. Controller

Ms. Paige Melching
Sr. VP of Investor Communications

Mr. Christopher K. Sadeghian
VP of Legal, Corp. Sec. & Acting Gen. Counsel

Mr. Michael J. Clarke (Age 68)
Advisor

Mr. Ramakrishna Pillai (Age 63)
Pres of Components Technology

Mr. Marco Gonzalez Hagelsieb
Chief Operating Officer of Americas IMS

Mr. Brian P. Casey (Age 69)
Sr. VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SANM Stock - Frequently Asked Questions

Should I buy or sell Sanmina stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SANM shares.
View SANM analyst ratings or view top-rated stocks.
What is Sanmina's stock price forecast for 2023?: 1 equities research analysts have issued twelve-month price targets for Sanmina's stock. Their SANM share price forecasts range from $65.00 to $78.00. On average, they anticipate the company's share price to reach $73.00 in the next year. This suggests a possible upside of 34.5% 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 2023?: Sanmina's stock was trading at $57.29 on January 1st, 2023. Since then, SANM stock has decreased by 5.3% and is now trading at $54.28.
View the best growth stocks for 2023 here.
When is Sanmina's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our SANM earnings forecast.
How were Sanmina's earnings last quarter?: Sanmina Co. (NASDAQ:SANM) announced its earnings results on Monday, July, 31st. The electronics maker reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. The electronics maker had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.25 billion. Sanmina had a trailing twelve-month return on equity of 15.77% and a net margin of 3.40%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS.
What ETFs hold Sanmina's stock?: 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).
How will Sanmina's stock buyback program work?: Sanmina announced that its Board of Directors has approved a stock repurchase program on Thursday, May 11th 2023, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
What guidance has Sanmina issued on next quarter's earnings?: Sanmina updated its fourth quarter 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of $1.47-$1.57 for the period, compared to the consensus earnings per share estimate of $1.51. The company issued revenue guidance of $2.10 billion-$2.20 billion, compared to the consensus revenue estimate of $2.23 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).
What is Sanmina's stock symbol?: Sanmina trades on the NASDAQ under the ticker symbol "SANM."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sanmina's stock price today?: One share of SANM stock can currently be purchased for approximately $54.28.
How much money does Sanmina make?: Sanmina (NASDAQ:SANM) has a market capitalization of $3.16 billion and generates $7.89 billion in revenue each year. The electronics maker earns $240.38 million in net income (profit) each year or $5.17 on an earnings per share basis.
How many employees does Sanmina have?: The company employs 34,000 workers across the globe.
How can I contact Sanmina?: Sanmina's mailing address is 2700 NORTH FIRST STREET, SAN JOSE CA, 95134. The official website for the company is www.sanmina.com. The electronics maker can be reached via phone at (408) 964-3500, via email at ir@sanmina.com, or via fax at 408-964-3440.

This page (NASDAQ:SANM) was last updated on 10/2/2023 by MarketBeat.com Staff

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