Sanmina (SANM) Stock Price, News & Analysis

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

1 brokerages have issued 12 month price targets for Sanmina's shares. Their SANM share price targets range from $45.00 to $45.00. On average, they anticipate the company's stock price to reach $45.00 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
View analysts price targets for SANM or view top-rated stocks among Wall Street analysts.

Sanmina's stock was trading at $57.29 at the beginning of the year. Since then, SANM stock has decreased by 10.3% and is now trading at $51.37.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our SANM earnings forecast.

Sanmina Co. (NASDAQ:SANM) announced its earnings results on Monday, November, 6th. The electronics maker reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by $0.11. The electronics maker had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.15 billion. Sanmina had a net margin of 3.43% and a trailing twelve-month return on equity of 14.52%. Sanmina's revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 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), 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 announced that its board has authorized a share repurchase program on Thursday, May 11th 2023, which allows the company to repurchase $200,000,000.00 in outstanding 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 programs are typically an indication that the company's leadership believes its shares are undervalued.

Sanmina updated its first quarter earnings guidance on Monday, November, 6th. The company provided earnings per share guidance of $1.20-$1.30 for the period, compared to the consensus estimate of $1.52. The company issued revenue guidance of $1.85-$1.95 billion, compared to the consensus revenue estimate of $2.19 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).

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.