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 May 17, 2024, SANM stock price climbed to $66.99 with 303,182 million shares trading.

SANM has a beta of 1.26, meaning it tends to be more sensitive to market movements. SANM has a correlation of 0.21 to the broad based SPY ETF.

SANM has a market cap of $3.74 billion. This is considered a Mid Cap stock.

Last quarter Sanmina reported $2 billion in Revenue and $1.30 earnings per share. This fell short of revenue expectation by $-25 million and exceeded earnings estimates by $.10.

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, IWM, VB, VBR.

SANM has outperformed the market in the last year with a price return of +31.7% while the SPY ETF gained +29.1%. SANM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.7% and +8.5%, respectively, while the SPY returned +6.3% and +3.6%, respectively.

SANM support price is $64.50 and resistance is $67.02 (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.