NASDAQ:SANM

Sanmina (SANM) Stock Price, News & Analysis

$66.99
+1.23 (+1.87%)
(As of 05/17/2024 ET)
Today's Range
$65.71
$67.27
50-Day Range
$57.79
$66.99
52-Week Range
$43.40
$69.69
Volume
327,706 shs
Average Volume
383,924 shs
Market Capitalization
$3.74 billion
P/E Ratio
15.84
Dividend Yield
N/A
Price Target
$62.33

Sanmina MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.0% Downside
$62.33 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.37
Upright™ Environmental Score
News Sentiment
0.70mentions of Sanmina in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$720,600 Sold Last Quarter
Proj. Earnings Growth
26.54%
From $4.86 to $6.15 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.

3.98 out of 5 stars

Computer And Technology Sector

167th out of 589 stocks

Printed Circuit Boards Industry

3rd 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

3 Breakout Stocks to Transform $5,000 Into $50,000
Sanmina Corp
Top 20 Tech Companies in Silicon Valley
Craig-Hallum Downgrades Sanmina (SANM)
Why Sanmina Stock Got Thumped on Tuesday
Q2 2024 Sanmina Corp Earnings Call
Sanmina: Fiscal Q2 Earnings Snapshot
Sanmina Corporation Q2 Profit Decreases, but beats estimates
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
5/18/2024
Next Earnings (Estimated)
7/29/2024
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
$62.33
High Stock Price Target
$80.00
Low Stock Price Target
$45.00
Potential Upside/Downside
-7.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$309.97 million
Pretax Margin
4.29%

Debt

Sales & Book Value

Annual Sales
$7.97 billion
Cash Flow
$7.74 per share
Book Value
$41.70 per share

Miscellaneous

Free Float
53,740,000
Market Cap
$3.74 billion
Optionable
Optionable
Beta
1.01
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Key Executives


SANM Stock Analysis - Frequently Asked Questions

Should I buy or sell Sanmina stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities 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?

3 Wall Street research analysts have issued 1 year price objectives for Sanmina's stock. Their SANM share price targets range from $45.00 to $80.00. On average, they predict the company's share price to reach $62.33 in the next year. This suggests that the stock has a possible downside of 7.0%.
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 30.4% and is now trading at $66.99.
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 Monday, July 29th 2024.
View our SANM earnings forecast
.

How were Sanmina's earnings last quarter?

Sanmina Co. (NASDAQ:SANM) announced its quarterly earnings results on Monday, April, 29th. The electronics maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.09 by $0.21. The electronics maker earned $1.83 billion during the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a net margin of 3.11% and a trailing twelve-month return on equity of 11.98%. The company's quarterly revenue was down 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share.

How will Sanmina's stock buyback program work?

Sanmina announced that its Board of Directors has initiated a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

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

Sanmina updated its third quarter 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of 1.220-1.320 for the period, compared to the consensus EPS estimate of 1.320. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $2.0 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 shareholders include Vanguard Group Inc. (12.90%), LSV Asset Management (3.33%), Earnest Partners LLC (2.04%), Global Alpha Capital Management Ltd. (1.35%), Assenagon Asset Management S.A. (1.13%) and Principal Financial Group Inc. (0.54%). Insiders that own company stock include Alan Mcwilliams Reid, 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 5/19/2024 by MarketBeat.com Staff

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