SANM Stock Summary and Trading Ideas (Sanmina | NASDAQ:SANM)

Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense and aerospace end markets. The company operates in two business segments: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue primarily in the United States, China, and Mexico, but has a presence around the world.

Sanmina trades on the NASDAQ stock market under the symbol SANM.

As of April 24, 2024, SANM stock price climbed to $61.66 with 314,705 million shares trading.

SANM has a beta of 1.13, meaning it tends to be more sensitive to market movements. SANM has a correlation of 0.17 to the broad based SPY ETF.

SANM has a market cap of $3.44 billion. This is considered a Mid Cap stock.

Last quarter Sanmina reported $2 billion in Revenue and $1.30 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.08.

In the last 3 years, SANM stock traded as high as $69.69 and as low as $35.06.

The top ETF exchange traded funds that SANM belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

SANM stock has underperformed the market in the last year with a return of +14.3%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SANM shares. However, SANM has outperformed the market in the last 3 month and 2 week periods, returning +19.7% and +4.0%, while SPY returned +4.6% and -2.7%, respectively. This indicates SANM has been having a stronger performance recently.

SANM support price is $59.86 and resistance is $62.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SANM stock will trade within this expected range on the day.