Sanmina (SANM) Stock Price, News & Analysis

2 Wall Street 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 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 brokerages 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 year. This suggests a possible upside of 8.2% 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 stock has increased by 12.5% and is now trading at $57.79.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Sanmina Co. (NASDAQ:SANM) issued 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 analysts' expectations of $1.87 billion. Sanmina had a trailing twelve-month return on equity of 13.16% and a net margin of 3.25%. The company's quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the prior year, the company 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), 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) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).

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

Sanmina issued an update on its second quarter 2024 earnings guidance on Monday, January, 29th. The company provided EPS guidance of 1.200-1.300 for the period, compared to the consensus 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 a variety of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.19%), Allspring Global Investments Holdings LLC (0.13%), Pacifica Partners Inc. (0.04%), Maryland State Retirement & Pension System (0.04%), Diversified Trust Co (0.03%) and CWM 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.
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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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