Sanmina Stock Forecast, Price & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SANM stock has increased by 46.3% and is now trading at $34.84.
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3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Sanmina stock. 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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Wall Street analysts have given Sanmina a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sanmina wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Sanmina is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
View our earnings forecast for Sanmina.

Sanmina Co. (NASDAQ:SANM) released its quarterly earnings data on Tuesday, November, 10th. The electronics maker reported $1.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.78 by $0.32. The electronics maker earned $1.87 billion during the quarter, compared to analysts' expectations of $1.79 billion. Sanmina had a return on equity of 11.51% and a net margin of 2.01%. Sanmina's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS.
View Sanmina's earnings history.

Sanmina issued an update on its first quarter earnings guidance on Tuesday, November, 10th. The company provided EPS guidance of $0.75-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.68. The company issued revenue guidance of $1.7-1.8 billion, compared to the consensus revenue estimate of $1.74 billion.

3 brokerages have issued 1-year target prices for Sanmina's shares. Their forecasts range from $30.00 to $40.00. On average, they anticipate Sanmina's share price to reach $34.33 in the next year. This suggests that the stock has a possible downside of 1.5%.
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Some companies that are related to Sanmina include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Plexus (PLXS), TTM Technologies (TTMI), Methode Electronics (MEI), CTS (CTS), Benchmark Electronics (BHE), Park Aerospace (PKE), Neonode (NEON) and Key Tronic (KTCC).
View all of SANM's competitors.

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 DNB Asset Management AS (1.82%), Peregrine Capital Management LLC (0.53%), State of Alaska Department of Revenue (0.12%), Pacifica Partners Inc. (0.05%), Louisiana State Employees Retirement System (0.05%) and Crossmark Global Holdings Inc. (0.02%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, Dennis Young, John Goldsberry, Jure Sola and Kurt Adzema.
View institutional ownership trends for Sanmina.

SANM stock was sold by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Louisiana State Employees Retirement System, and State of Alaska Department of Revenue. Company insiders that have sold Sanmina company stock in the last year include Brent Billinger, Jure Sola, and Kurt Adzema.
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SANM stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Peregrine Capital Management LLC, Pacifica Partners Inc., Exchange Traded Concepts LLC, Wedge Capital Management L L P NC, and Unison Advisors LLC.
View insider buying and selling activity for Sanmina or or view top insider-buying stocks.

Shares of SANM 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.

One share of SANM stock can currently be purchased for approximately $34.84.

Sanmina has a market capitalization of $2.27 billion and generates $6.96 billion in revenue each year. The electronics maker earns $139.71 million in net income (profit) each year or $2.68 on an earnings per share basis. Sanmina employs 37,000 workers across the globe.

The official website for Sanmina is www.sanmina.com.

Sanmina's mailing address is 2700 NORTH FIRST STREET, SAN JOSE CA, 95134. The electronics maker can be reached via phone at 408-964-3500 or via email at [email protected]