Sanmina - SANM Stock Forecast, Price & News

3 Wall Street equities 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 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 brokers have issued 1 year target prices for Sanmina's shares. Their SANM share price forecasts range from $38.00 to $70.00. On average, they anticipate the company's stock price to reach $56.33 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Sanmina's stock was trading at $41.46 on January 1st, 2022. Since then, SANM shares have increased by 19.0% and is now trading at $49.34.
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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) posted its quarterly earnings results on Monday, August, 1st. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.19. The electronics maker earned $2.02 billion during the quarter, compared to analysts' expectations of $1.88 billion. Sanmina had a trailing twelve-month return on equity of 13.67% and a net margin of 3.38%. Sanmina's revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share.

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 earnings per share 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 institutional and retail investors. Top institutional shareholders include DnB Asset Management AS (1.49%), JPMorgan Chase & Co. (1.29%), Victory Capital Management Inc. (0.93%), Principal Financial Group Inc. (0.73%), Personal Capital Advisors Corp (0.55%) and Royce & Associates LP (0.42%). 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 $49.34.

Sanmina (NASDAQ:SANM) has a market capitalization of $2.85 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.