Sanmina - SANM Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for Sanmina or view top-rated stocks.

3 Wall Street research analysts have issued 1 year price targets for Sanmina's stock. Their SANM stock forecasts range from $38.00 to $70.00. On average, they anticipate Sanmina's share price to reach $56.33 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts' price targets for Sanmina or view top-rated stocks among Wall Street analysts.

Sanmina's stock was trading at $41.46 at the beginning of the year. Since then, SANM shares have increased by 20.4% and is now trading at $49.90.
View the best growth stocks for 2022 here.

Sanmina is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our earnings forecast for Sanmina.

Sanmina Co. (NASDAQ:SANM) released its earnings results on Monday, August, 1st. The electronics maker reported $1.30 earnings per share (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 the consensus estimate of $1.88 billion. Sanmina had a trailing twelve-month return on equity of 13.67% and a net margin of 3.38%. The company's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share.

Sanmina issued an update on its fourth quarter earnings guidance on Monday, August, 1st. The company provided earnings per share (EPS) guidance of $1.27-$1.37 for the period, compared to the consensus EPS estimate of $1.15. The company issued revenue guidance of $1.95-$2.05 billion, compared to the consensus revenue estimate of $1.91 billion.

75 employees have rated Sanmina CEO Michael Clarke on Glassdoor.com. Michael Clarke has an approval rating of 77% among Sanmina'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 shareholders include DnB Asset Management AS (1.49%), Victory Capital Management Inc. (0.93%), Personal Capital Advisors Corp (0.55%), Royce & Associates LP (0.42%), Global Alpha Capital Management Ltd. (0.41%) and Allspring Global Investments Holdings LLC (0.29%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Andrew C Petrik, Brent Billinger, Dennis Young, John Goldsberry, Jure Sola and Kurt Adzema.
View institutional ownership trends for Sanmina.

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.
Compare Top Brokerages Here.

One share of SANM stock can currently be purchased for approximately $49.90.

Sanmina (NASDAQ:SANM) has a market capitalization of $2.88 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.

Sanmina employs 35,000 workers across the globe.

Sanmina's mailing address is 2700 NORTH FIRST STREET, SAN JOSE CA, 95134. The official website for Sanmina 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.