Should I buy or sell Sanmina stock right now?

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

What is Sanmina's stock price target for 2024?

2 equities research analysts have issued 1-year target prices for Sanmina's shares. Their SANM share price targets range from $45.00 to $80.00. On average, they expect the company's share price to reach $62.50 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View analysts price targets for SANM or view top-rated stocks among Wall Street analysts .

How have SANM shares performed in 2024?

Sanmina's stock was trading at $51.37 at the start of the year. Since then, SANM stock has increased by 13.3% and is now trading at $58.22. View the best growth stocks for 2024 here .

When is Sanmina's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our SANM earnings forecast .

How were Sanmina's earnings last quarter?

Sanmina Co. (NASDAQ:SANM) posted its earnings results on Monday, January, 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.08. The electronics maker had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. Sanmina had a net margin of 3.25% and a trailing twelve-month return on equity of 13.16%. The company's revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS.

What ETFs hold Sanmina's stock?

ETFs with the largest weight of Sanmina (NASDAQ:SANM) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX) , Invesco S&P SmallCap Information Technology ETF (PSCT) , Janus Henderson Small Cap Growth Alpha ETF (JSML) , Invesco S&P SmallCap Quality ETF (XSHQ) , Invesco S&P SmallCap Value with Momentum ETF (XSVM) , Invesco S&P SmallCap 600 Pure Value ETF (RZV) , Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) .

How will Sanmina's stock buyback program work?

Sanmina announced that its board has approved a stock buyback plan on Thursday, May 11th 2023, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

What guidance has Sanmina issued on next quarter's earnings?

Sanmina issued an update on its second quarter 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share guidance of 1.200-1.300 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion.

What is Michael Clarke's approval rating as Sanmina's CEO?

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.

What other stocks do shareholders of Sanmina own?

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) .

Who are Sanmina's major shareholders?

Sanmina's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.13%), Pacifica Partners Inc. (0.04%), Diversified Trust Co (0.03%), CWM LLC (0.01%) and Los Angeles Capital Management LLC (0.01%). Insiders that own company stock include Alan Mcwilliams Reid , Andrew C Petrik, Brent Billinger , David V Hedley III, Eugene A Delaney , John Goldsberry , Jure Sola , Kurt Adzema and Susan A Johnson. View institutional ownership trends .

How do I buy shares of Sanmina?

Shares of SANM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SANM

Sanmina (SANM) Stock Price, News & Analysis

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$58.22

-0.13 (-0.22%)

(As of 04/18/2024 ET)

Compare

Today's Range: $57.84
▼
$59.30
50-Day Range: $57.91
▼
$65.82
52-Week Range: $43.40
▼
$69.69

Volume: 288,941 shs
Average Volume: 501,787 shs
Market Capitalization: $3.31 billion

P/E Ratio: 12.57
Dividend Yield: N/A
Price Target: $62.50

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Sanmina MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 7.4% Upside
$62.50 Price Target
Short Interest: Healthy
2.12% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.37
Upright™ Environmental Score
News Sentiment: 0.45
Based on 3 Articles This Week
Insider Trading: Selling Shares
$84,284 Sold Last Quarter
Proj. Earnings Growth: 30.64%
From $4.70 to $6.14 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.11 out of 5 stars

Computer And Technology Sector

150th out of 589 stocks

Printed Circuit Boards Industry

2nd out of 10 stocks

1.0

Analyst's Opinion

Consensus Rating
Sanmina has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Sanmina has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.12% of the float of Sanmina has been sold short.
Short Interest Ratio / Days to Cover
Sanmina has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sanmina has recently decreased by 8.80%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Sanmina does not currently pay a dividend.
Dividend Growth
Sanmina does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sanmina has received a 26.51% net impact score from Upright. Sanmina seems to create the most significant positive value in categories "Jobs", "Taxes", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Servers", "Fibre-optic cables used for internet provision", and "Telecommunications antennae" products. See details.
Environmental Sustainability
The Environmental Impact score for Sanmina is -1.37.

1.4

News and Social Media Coverage

News Sentiment
Sanmina has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Sanmina this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 2 people have added Sanmina to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sanmina insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $84,284.00 in company stock.
Percentage Held by Insiders
Only 3.09% of the stock of Sanmina is held by insiders.
Percentage Held by Institutions
92.71% of the stock of Sanmina is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Sanmina are expected to grow by 30.64% in the coming year, from $4.70 to $6.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sanmina is 12.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sanmina is 12.57, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 247.33.
Price to Earnings Growth Ratio
Sanmina has a PEG Ratio of 0.91. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Sanmina has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Sanmina Stock (NASDAQ:SANM)

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems. In addition, the company provides components, such as printed circuit boards, backplane and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace product, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.

SANM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SANM Stock News Headlines

March 20, 2024 | insidertrades.com

Sanmina Co. (NASDAQ:SANM) Director David V. Hedley III Sells 394 Shares

April 17, 2024 | investorplace.com

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April 18, 2024 | DTI (Ad)

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April 16, 2024 | seekingalpha.com

Sanmina: A Balancing Act

April 11, 2024 | americanbankingnews.com

Sanmina (NASDAQ:SANM) Stock Price Passes Above Two Hundred Day Moving Average of $54.80

April 10, 2024 | msn.com

These Stocks Are Moving the Most Today: Nvidia, Delta, Alibaba, Smart Global, Hexcel, Deckers, Luminar, and More

April 9, 2024 | investorplace.com

Hidden Treasures: 3 Stocks Poised for 10X Returns by 2027

April 9, 2024 | finance.yahoo.com

Sanmina Corporation's (NASDAQ:SANM) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

April 18, 2024 | InvestorPlace (Ad)

The Next Nvidia?

April 3, 2024 | finance.yahoo.com

Diagnostic Contract Manufacturing Market Worth $44.9 billion | MarketsandMarkets™

April 2, 2024 | msn.com

These Stocks Are Moving the Most Today: Tesla, Rivian, Trump Media, Humana, CVS, PVH, ChampionX, Canoo, Disney, and More

March 23, 2024 | finance.yahoo.com

Sanmina (NASDAQ:SANM) shareholders have earned a 16% CAGR over the last five years

March 20, 2024 | finanznachrichten.de

Medical Device Contract Manufacturing Market Worth $149.4 billion | MarketsandMarkets

March 19, 2024 | investing.com

Sanmina Corp director sells shares worth over $23,000

March 7, 2024 | investorplace.com

Golden Picks: 3 Under-$20 Stocks Set to Quintuple by 2027

March 6, 2024 | finance.yahoo.com

SANM Jul 2024 30.000 put

March 5, 2024 | finance.yahoo.com

Sanmina Corporation's (NASDAQ:SANM) CEO Compensation Is Looking A Bit Stretched At The Moment

March 1, 2024 | msn.com

Is Sanmina (SANM) Stock Undervalued Right Now?

February 28, 2024 | finance.yahoo.com

13 Best Electronic Stocks To Buy Now

February 26, 2024 | msn.com

Huntsville announces 2023 Air Pollution Control Achievement Award Winners

February 17, 2024 | ca.finance.yahoo.com

SANM Mar 2024 50.000 put

February 5, 2024 | finance.yahoo.com

Director Licata Joseph G Jr Sells 38,387 Shares of Sanmina Corp (SANM)

February 4, 2024 | finance.yahoo.com

Sanmina Corporation's (NASDAQ:SANM) Intrinsic Value Is Potentially 74% Above Its Share Price

February 2, 2024 | finance.yahoo.com

Earnings Estimates Rising for Sanmina (SANM): Will It Gain?

February 1, 2024 | markets.businessinsider.com

US stock trades mixed as investors wait on mega-cap tech results to kick off

January 31, 2024 | seekingalpha.com

What To Do After Sanmina Gained Over 20%

January 31, 2024 | marketwatch.com

Sanmina Shares Climb 15% on Upbeat 2Q Forecast

See More Headlines

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Company Calendar

Last Earnings: 1/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 9/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Printed circuit boards
Sub-Industry: Electronic Manufacturing Services
Current Symbol: NASDAQ:SANM
CUSIP: 80105610
CIK: 897723
Web: www.sanmina.com
Phone: (408) 964-3500
Fax: 408-964-3440
Employees: 34,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $62.50
High Stock Price Target: $80.00
Low Stock Price Target: $45.00
Potential Upside/Downside: +6.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.63
Trailing P/E Ratio: 12.70
Forward P/E Ratio: 12.51
P/E Growth: 0.91
Net Income: $309.97 million
Net Margins: 3.25%
Pretax Margin: 4.48%
Return on Equity: 13.16%
Return on Assets: 6.13%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 1.99
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $8.94 billion
Price / Sales: 0.37
Cash Flow: $7.72 per share
Price / Cash Flow: 7.62
Book Value: $39.84 per share
Price / Book: 1.48

Miscellaneous

Outstanding Shares: 56,800,000
Free Float: 55,045,000
Market Cap: $3.34 billion
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. Jure Sola (Age 73)
Co-Founder, Executive Chairman & CEO
Comp: $2.89M
Mr. Alan McWilliams Reid (Age 61)
Executive Vice President of Global Human Resources
Comp: $578.69k
Mr. Charles C. Mason (Age 59)
Executive Vice President of Worldwide Sales
Comp: $512.46k
Mr. Jonathan P. Faust (Age 45)
Executive VP & CFO
Mr. Brent Billinger (Age 60)
Principal Accounting Officer, Senior VP & Corporate Controller
Ms. Paige Melching
Senior Vice President of Investor Communications
Mr. Christopher K. Sadeghian
VP of Legal, Corporate Secretary & Acting General Counsel
Mr. Michael J. Clarke (Age 69)
Advisor
Comp: $2.79M
Mr. Ramakrishna Pillai (Age 64)
President of Components Technology
Comp: $833.53k
Mr. Marco Gonzalez Hagelsieb
Chief Operating Officer of Americas IMS

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SANM Stock Analysis - Frequently Asked Questions

Should I buy or sell Sanmina stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street 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.
View SANM analyst ratings or view top-rated stocks.
What is Sanmina's stock price target for 2024?: 2 equities research analysts have issued 1-year target prices for Sanmina's shares. Their SANM share price targets range from $45.00 to $80.00. On average, they expect the company's share price to reach $62.50 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
View analysts price targets for SANM or view top-rated stocks among Wall Street analysts.
How have SANM shares performed in 2024?: Sanmina's stock was trading at $51.37 at the start of the year. Since then, SANM stock has increased by 13.3% and is now trading at $58.22.
View the best growth stocks for 2024 here.
When is Sanmina's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our SANM earnings forecast.
How were Sanmina's earnings last quarter?: Sanmina Co. (NASDAQ:SANM) posted its earnings results on Monday, January, 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.08. The electronics maker had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. Sanmina had a net margin of 3.25% and a trailing twelve-month return on equity of 13.16%. The company's revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS.
What ETFs hold Sanmina's stock?: ETFs with the largest weight of Sanmina (NASDAQ:SANM) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco S&P SmallCap Information Technology ETF (PSCT), Janus Henderson Small Cap Growth Alpha ETF (JSML), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

How will Sanmina's stock buyback program work?: Sanmina announced that its board has approved a stock buyback plan on Thursday, May 11th 2023, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.
What guidance has Sanmina issued on next quarter's earnings?: Sanmina issued an update on its second quarter 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share guidance of 1.200-1.300 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion.
What is Michael Clarke's approval rating as Sanmina's CEO?: 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.
What other stocks do shareholders of Sanmina own?: 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).
Who are Sanmina's major shareholders?: Sanmina's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.13%), Pacifica Partners Inc. (0.04%), Diversified Trust Co (0.03%), CWM LLC (0.01%) and Los Angeles Capital Management LLC (0.01%). Insiders that own company stock include Alan Mcwilliams Reid, Andrew C Petrik, Brent Billinger, David V Hedley III, Eugene A Delaney, John Goldsberry, Jure Sola, Kurt Adzema and Susan A Johnson.
View institutional ownership trends.
How do I buy shares of Sanmina?: Shares of SANM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SANM) was last updated on 4/18/2024 by MarketBeat.com Staff

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