Sanmina 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 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sanmina wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Sanmina is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Sanmina.

Sanmina Co. (NASDAQ:SANM) posted its quarterly earnings results on Sunday, May, 2nd. The electronics maker reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.18. The electronics maker had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.71 billion. Sanmina had a net margin of 2.74% and a trailing twelve-month return on equity of 14.47%. The company's revenue was down 34.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share.
View Sanmina's earnings history.

Sanmina's stock was trading at $23.82 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SANM stock has increased by 63.1% and is now trading at $38.84.
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Sanmina updated its third quarter 2021 earnings guidance on Monday, May, 17th. The company provided earnings per share guidance of 0.840-0.940 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.840. The company issued revenue guidance of $1.68 billion-$1.78 billion, compared to the consensus revenue estimate of $1.73 billion.

3 analysts have issued 1 year target prices for Sanmina's shares. Their forecasts range from $33.00 to $61.00. On average, they expect Sanmina's share price to reach $45.33 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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75 employees have rated Sanmina CEO Michael Clarke on Glassdoor.com. Michael Clarke has an approval rating of 77% among Sanmina's employees.

Some companies that are related to Sanmina include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Plexus (PLXS), Methode Electronics (MEI), TTM Technologies (TTMI), CTS (CTS), Benchmark Electronics (BHE), Park Aerospace (PKE), Key Tronic (KTCC) and Neonode (NEON).
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 BlackRock Inc. (16.12%), Earnest Partners LLC (7.66%), Dimensional Fund Advisors LP (7.48%), LSV Asset Management (3.89%), DnB Asset Management AS (1.96%) and Diamond Hill Capital Management Inc. (1.77%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, 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 Renaissance Technologies LLC, Northern Trust Corp, Millennium Management LLC, Morgan Stanley, Diamond Hill Capital Management Inc., JPMorgan Chase & Co., D. E. Shaw & Co. Inc., and Donald Smith & CO. Inc.. Company insiders that have sold Sanmina company stock in the last year include Jure Sola, and Kurt Adzema.
View insider buying and selling activity for Sanmina or view top insider-selling stocks.

SANM stock was acquired by a variety of institutional investors in the last quarter, including Barclays PLC, BlackRock Inc., Earnest Partners LLC, Goldman Sachs Group Inc., Lisanti Capital Growth LLC, LSV Asset Management, Eaton Vance Management, and Hillsdale Investment Management Inc..
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.
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One share of SANM stock can currently be purchased for approximately $38.84.

Sanmina has a market capitalization of $2.53 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 is headquartered at 2700 NORTH FIRST STREET, SAN JOSE CA, 95134.

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]