Sanmina (SANM) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SANM shares.
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1 equities research analysts have issued 12 month price objectives for Sanmina's stock. Their SANM share price forecasts range from $65.00 to $78.00. On average, they expect the company's share price to reach $73.00 in the next twelve months. This suggests a possible upside of 32.4% from the stock's current price.
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Sanmina's stock was trading at $57.29 on January 1st, 2023. Since then, SANM stock has decreased by 3.8% and is now trading at $55.14.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our SANM earnings forecast.

Sanmina Co. (NASDAQ:SANM) announced its earnings results on Monday, July, 31st. The electronics maker reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. The electronics maker had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.25 billion. Sanmina had a trailing twelve-month return on equity of 15.77% and a net margin of 3.40%. The firm's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 EPS.

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), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Quality ETF (XSHQ), Cambria Shareholder Yield ETF (SYLD), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and First Trust Active Factor Small Cap ETF (AFSM).

Sanmina declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 11th 2023, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Sanmina updated its fourth quarter 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of $1.47-$1.57 for the period, compared to the consensus earnings per share estimate of $1.51. The company issued revenue guidance of $2.10 billion-$2.20 billion, compared to the consensus revenue estimate of $2.23 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.66%), Dimensional Fund Advisors LP (8.12%), LSV Asset Management (3.34%), Geode Capital Management LLC (2.24%), Earnest Partners LLC (1.73%) and Northern Trust Corp (1.45%). Insiders that own company stock include Alan Mcwilliams Reid, Andrew C Petrik, Brent Billinger, 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 $55.14.

Sanmina (NASDAQ:SANM) has a market capitalization of $3.16 billion and generates $7.89 billion in revenue each year. The electronics maker earns $240.38 million in net income (profit) each year or $5.17 on an earnings per share basis.

The company employs 34,000 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.