Sanmina - SANM Stock Forecast, Price & News

3 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 and 2 buy ratings 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.
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3 Wall Street analysts have issued 1 year price objectives for Sanmina's shares. Their SANM share price forecasts range from $38.00 to $70.00. On average, they expect the company's share price to reach $56.33 in the next year. This suggests a possible upside of 23.5% from the stock's current price.
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Sanmina's stock was trading at $41.46 at the start of the year. Since then, SANM shares have increased by 10.0% and is now trading at $45.60.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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Sanmina Co. (NASDAQ:SANM) issued its quarterly earnings data on Monday, August, 1st. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.11 by $0.19. The electronics maker had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a trailing twelve-month return on equity of 13.67% and a net margin of 3.38%. The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS.

Sanmina updated its fourth quarter 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share (EPS) guidance of $1.27-$1.37 for the period, compared to the consensus estimate of $1.15. The company issued revenue guidance of $1.95 billion-$2.05 billion, compared to the consensus revenue estimate of $1.91 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 State Street Corp (4.16%), DnB Asset Management AS (1.49%), Northern Trust Corp (1.51%), Goldman Sachs Group Inc. (1.40%), JPMorgan Chase & Co. (1.29%) and Victory Capital Management Inc. (0.93%). 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 $45.60.

Sanmina (NASDAQ:SANM) has a market capitalization of $2.64 billion and generates $6.76 billion in revenue each year. The electronics maker earns $269 million in net income (profit) each year or $3.85 on an earnings per share basis.

The company employs 35,000 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.