Sanmina - SANM Stock Forecast, Price & News

2 Wall Street research 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 research analysts is that investors should "buy" SANM shares.
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2 brokerages have issued 1 year target prices for Sanmina's stock. Their SANM share price forecasts range from $65.00 to $78.00. On average, they anticipate the company's stock price to reach $73.00 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
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Sanmina's stock was trading at $57.29 at the beginning of the year. Since then, SANM stock has increased by 9.6% and is now trading at $62.77.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Sanmina Co. (NASDAQ:SANM) released its earnings results on Monday, January, 30th. The electronics maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.38 by $0.26. The electronics maker had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.15 billion. Sanmina had a trailing twelve-month return on equity of 15.85% and a net margin of 3.37%. Sanmina's revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share.

Sanmina issued an update on its second quarter earnings guidance on Monday, January, 30th. The company provided EPS guidance of $1.50-1.60 for the period, compared to the consensus EPS estimate of $1.40. The company issued revenue guidance of $2.20-2.30 billion, compared to the consensus revenue estimate of $2.16 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 variety of institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (0.53%), Assenagon Asset Management S.A. (0.33%), Allspring Global Investments Holdings LLC (0.29%), State of Alaska Department of Revenue (0.20%), Foundry Partners LLC (0.15%) and DekaBank Deutsche Girozentrale (0.12%). Insiders that own company stock include Alan Mcwilliams Reid, Andrew C Petrik, Brent Billinger, 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 $62.77.

Sanmina (NASDAQ:SANM) has a market capitalization of $3.66 billion and generates $8.49 billion in revenue each year. The electronics maker earns $256.12 million in net income (profit) each year or $4.68 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.