Sanmina (SANM) Stock Price, News & Analysis

2 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 1 buy rating 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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2 Wall Street research analysts have issued 1 year price targets for Sanmina's shares. Their SANM share price targets range from $45.00 to $80.00. On average, they anticipate the company's share price to reach $62.50 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
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Sanmina's stock was trading at $51.37 at the start of the year. Since then, SANM shares have increased by 20.0% and is now trading at $61.66.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
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Sanmina will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

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), Euclidean Fundamental Value ETF (ECML), Janus Henderson Small Cap Growth Alpha ETF (JSML), SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap 600 GARP ETF (GRPZ) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

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

Sanmina updated 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 EPS 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.

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's stock is owned by many different institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (1.13%), State of Alaska Department of Revenue (0.19%), Allspring Global Investments Holdings LLC (0.13%), Louisiana State Employees Retirement System (0.05%), Pacifica Partners Inc. (0.04%) and Maryland State Retirement & Pension System (0.04%). 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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