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NASDAQ:SANM

Sanmina (SANM) Stock Price, News & Analysis

$65.09
0.00 (0.00%)
(As of 03:51 PM ET)
Today's Range
$64.80
$65.87
50-Day Range
$49.32
$65.09
52-Week Range
$43.40
$69.69
Volume
247,253 shs
Average Volume
606,486 shs
Market Capitalization
$3.70 billion
P/E Ratio
14.06
Dividend Yield
N/A
Price Target
$45.00

Sanmina MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
31.1% Downside
$45.00 Price Target
Short Interest
Healthy
2.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.37
Upright™ Environmental Score
News Sentiment
1.39mentions of Sanmina in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$60,640 Sold Last Quarter
Proj. Earnings Growth
25.80%
From $5.00 to $6.29 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.

4.21 out of 5 stars

Computer And Technology Sector

144th out of 596 stocks

Printed Circuit Boards Industry

1st 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

This mid-cap tech stock just jumped 30%...and is still cheap
Electronic manufacturing services provider Sanmina closed last week more than 12% off its $69.69 peak, making an already undervalued stock even less expensive.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
13 Best Electronic Stocks To Buy Now
SANM Mar 2024 50.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
What To Do After Sanmina Gained Over 20%
Sanmina Shares Climb 15% on Upbeat 2Q Forecast
Watch These Stocks Posting Earnings Today
Sanmina Stock Pops After Strong Results
Why Sanmina Stock Soared 28% Tuesday Morning
Q1 2024 Sanmina Corp Earnings Call
Recap: Sanmina Q1 Earnings
See More Headlines
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Company Calendar

Last Earnings
1/29/2024
Today
3/04/2024
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
$45.00
High Stock Price Target
$45.00
Low Stock Price Target
$45.00
Potential Upside/Downside
-30.9%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$309.97 million
Pretax Margin
4.48%

Debt

Sales & Book Value

Annual Sales
$8.94 billion
Cash Flow
$7.60 per share
Book Value
$40.01 per share

Miscellaneous

Free Float
55,045,000
Market Cap
$3.70 billion
Optionable
Optionable
Beta
1.04
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Key Executives















SANM Stock Analysis - Frequently Asked Questions

Should I buy or sell Sanmina stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" SANM shares.
View SANM analyst ratings
or view top-rated stocks.

What is Sanmina's stock price target for 2024?

1 brokerages have issued twelve-month target prices for Sanmina's stock. Their SANM share price targets range from $45.00 to $45.00. On average, they anticipate the company's stock price to reach $45.00 in the next year. This suggests that the stock has a possible downside of 31.1%.
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 at the beginning of 2024. Since then, SANM stock has increased by 27.1% and is now trading at $65.27.
View the best growth stocks for 2024 here
.

Are investors shorting Sanmina?

Sanmina saw a decrease in short interest in February. As of February 15th, there was short interest totaling 1,330,000 shares, a decrease of 40.1% from the January 31st total of 2,220,000 shares. Based on an average daily volume of 550,900 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.5% of the shares of the company are short sold.
View Sanmina's Short Interest
.

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) released its earnings results on Monday, January, 29th. The electronics maker reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.08. The electronics maker earned $1.87 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share.

How will Sanmina's stock buyback program work?

Sanmina declared that its board has initiated a share buyback plan on Thursday, May 11th 2023, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are usually a sign 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 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.52%), Dimensional Fund Advisors LP (8.06%), LSV Asset Management (3.26%), Nuveen Asset Management LLC (1.54%), Northern Trust Corp (1.44%) and Global Alpha Capital Management Ltd. (1.19%). 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 3/4/2024 by MarketBeat.com Staff