Sanmina - SANM Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SANM shares.
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2 brokerages have issued 12-month target prices for Sanmina's shares. Their SANM share price forecasts range from $65.00 to $78.00. On average, they predict the company's share price to reach $73.00 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
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Sanmina's stock was trading at $41.46 at the beginning of the year. Since then, SANM shares have increased by 60.5% and is now trading at $66.56.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
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Sanmina Co. (NASDAQ:SANM) posted its quarterly earnings results on Sunday, November, 7th. The electronics maker reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by $0.04. The electronics maker had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.70 billion. Sanmina had a trailing twelve-month return on equity of 15.02% and a net margin of 3.25%. The business's revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share.

Sanmina issued an update on its first quarter 2023 earnings guidance on Monday, November, 21st. The company provided earnings per share (EPS) guidance of $1.41-$1.51 for the period, compared to the consensus earnings per share estimate of $1.33. The company issued revenue guidance of $2.10 billion-$2.20 billion, compared to the consensus revenue estimate of $1.99 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 trades on the NASDAQ under the ticker symbol "SANM."

Sanmina's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.84%), Vanguard Group Inc. (11.49%), Dimensional Fund Advisors LP (8.09%), State Street Corp (4.06%), LSV Asset Management (3.66%) and Diamond Hill Capital Management Inc. (1.32%). Insiders that own company stock include Alan Mcwilliams Reid, Andrew C Petrik, Brent Billinger, Dennis Young, 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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One share of SANM stock can currently be purchased for approximately $66.56.

Sanmina (NASDAQ:SANM) has a market capitalization of $3.82 billion and generates $7.89 billion in revenue each year. The electronics maker earns $256.12 million in net income (profit) each year or $4.09 on an earnings per share basis.

The company employs 34,000 workers across the globe.

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.