Sanmina (SANM) Stock Forecast, Price & News

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

2 equities research analysts have issued 1 year price objectives for Sanmina's shares. Their SANM share price forecasts range from $65.00 to $78.00. On average, they predict the company's stock price to reach $73.00 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price.
View analysts price targets for SANM or view top-rated stocks among Wall Street analysts.

Sanmina's stock was trading at $57.29 on January 1st, 2023. Since then, SANM stock has decreased by 11.0% and is now trading at $51.00.
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Sanmina saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,040,000 shares, an increase of 22.9% from the April 15th total of 1,660,000 shares. Based on an average trading volume of 370,100 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.6% of the shares of the stock are short sold.
View Sanmina's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our SANM earnings forecast.

Sanmina Co. (NASDAQ:SANM) released its earnings results on Monday, January, 30th. The electronics maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.26. The electronics maker had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.15 billion. Sanmina had a net margin of 3.51% and a trailing twelve-month return on equity of 16.03%. The business's quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS.

ETFs with the largest weight of Sanmina (NASDAQ:SANM) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco S&P SmallCap Momentum ETF (XSMO), Cambria Value and Momentum ETF (VAMO), Cambria Shareholder Yield ETF (SYLD), SPDR S&P Kensho Smart Mobility ETF (HAIL), Qraft AI-Enhanced Next Value ETF (NVQ) and Hartford Multifactor Small Cap ETF (ROSC).

Sanmina announced that its board has initiated a stock repurchase plan on Thursday, May 11th 2023, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Sanmina updated its third quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of $1.50-$1.60 for the period, compared to the consensus estimate of $1.55. The company issued revenue guidance of $2.20 billion-$2.30 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.79%), Dimensional Fund Advisors LP (8.11%), State Street Corp (3.91%), LSV Asset Management (3.32%), Geode Capital Management LLC (2.12%) and Bank of America Corp DE (1.87%). 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 $51.00.

Sanmina (NASDAQ:SANM) has a market capitalization of $2.98 billion and generates $7.89 billion in revenue each year. The electronics maker earns $256.12 million in net income (profit) each year or $5.18 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.