Sanmina (SANM) Stock Price, News & Analysis

Company Overview

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems. In addition, the company provides components, such as printed circuit boards, backplane and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace product, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $76.40 to $78.34
• 50-Day Range: $62.97 to $83.88
• 52-Week Range: $48.58 to $86.05
• Volume: 238,874 shs
• Average Volume: 447,210 shs
• Market Capitalization: $4.21 billion
• P/E Ratio: 19.68
• Dividend Yield: N/A
• Price Target: $64.67
• Consensus Rating: Hold

Sanmina Stock Analysis - MarketRank™

Sanmina scored higher than 84% of companies evaluated by MarketBeat, and ranked 171st out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Sanmina has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Sanmina has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 24.17%

Earnings Growth

Earnings for Sanmina are expected to grow by 24.17% in the coming year, from $4.84 to $6.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sanmina is 19.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sanmina is 19.68, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 244.04.

Price to Earnings Growth Ratio

Sanmina has a PEG Ratio of 1.32. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Sanmina has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.81% of the float of Sanmina has been sold short.

Short Interest Ratio / Days to Cover

Sanmina has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sanmina has recently decreased by 26.37%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sanmina does not currently pay a dividend.

Dividend Growth

Sanmina does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -1.37

Percentage of Shares Shorted

2.81% of the float of Sanmina has been sold short.

Short Interest Ratio / Days to Cover

Sanmina has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sanmina has recently decreased by 26.37%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.64

News Sentiment

Sanmina has a news sentiment score of 1.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Sanmina this week, compared to 5 articles on an average week.

Search Interest

2 people have searched for SANM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Sanmina to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sanmina insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.09% of the stock of Sanmina is held by insiders.

Percentage Held by Institutions

92.71% of the stock of Sanmina is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SANM Stock Analysis - Frequently Asked Questions

How have SANM shares performed this year?

Sanmina's stock was trading at $51.37 at the beginning of 2024. Since then, SANM shares have increased by 49.8% and is now trading at $76.96.
View the best growth stocks for 2024 here.

How were Sanmina's earnings last quarter?

Sanmina Co. (NASDAQ:SANM) announced its quarterly earnings data on Monday, November, 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.06. The company's revenue for the quarter was down 1.6% compared to the same quarter last year.

Is Sanmina doing a stock buyback?

Sanmina's board approved a share buyback program on Thursday, May 11th 2023, which allows the company to repurchase $200,000,000 in shares, according to EventVestor. This means that the company could buy up to 6.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Who are Sanmina's major shareholders?

Sanmina's top institutional shareholders include State Street Corp (4.24%), FMR LLC (3.14%), Geode Capital Management LLC (2.77%) and Global Alpha Capital Management Ltd. (1.69%). Insiders that own company stock include Jure Sola, Eugene A Delaney, Kurt Adzema, Alan Mcwilliams Reid, Krish A Prabhu, John Goldsberry, Susan A Johnson, David V Hedley III and Brent Billinger.
View institutional ownership trends.

How do I buy shares of Sanmina?

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.

What other stocks do shareholders of Sanmina own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sanmina investors own include American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 11/04/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 2/03/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Printed circuit boards
• Sub-Industry: Electronic Manufacturing Services
• Current Symbol: NASDAQ:SANM
• CUSIP: 80105610
• CIK: 897723
• Web: www.sanmina.com
• Phone: (408) 964-3500
• Fax: 408-964-3440
• Employees: 34,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $64.67
• High Stock Price Target: $80.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: -16.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.91
• Trailing P/E Ratio: 19.68
• Forward P/E Ratio: 15.90
• P/E Growth: 1.32
• Net Income: $222.54 million
• Net Margins: 2.94%
• Pretax Margin: 4.20%
• Return on Equity: 10.47%
• Return on Assets: 5.21%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 2.05
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $7.57 billion
• Price / Sales: 0.56
• Cash Flow: $6.56 per share
• Price / Cash Flow: 11.74
• Book Value: $43.21 per share
• Price / Book: 1.78

Miscellaneous

• Outstanding Shares: 54,650,000
• Free Float: 52,958,000
• Market Cap: $4.21 billion
• Optionable: Optionable
• Beta: 0.89