Sanmina Corporation (SANM) stock has reached a new 52-week high, hitting $90.8 amidst a robust market performance. According to InvestingPro analysis, the stock’s RSI indicates overbought territory, suggesting investors should monitor technical signals carefully. This milestone reflects a significant uptrend for the electronics manufacturing services provider, with the stock demonstrating a remarkable 1-year change, surging by 51.66%. The company’s financial health score is rated as "GOOD" by InvestingPro, with management actively buying back shares. While investors have shown increased confidence in Sanmina’s growth prospects and strategic initiatives, current valuations suggest the stock may be slightly overvalued relative to its Fair Value. The company’s ability to adapt to the dynamic electronics sector and deliver consistent results has been a key driver behind the stock’s impressive climb. With a strong current ratio of 2.06 and more cash than debt on its balance sheet, Sanmina demonstrates solid financial fundamentals. Discover 14 additional key insights about SANM with InvestingPro’s comprehensive analysis tools.
In other recent news, Sanmina Corporation reported its Q1 2025 earnings, meeting analyst expectations with an earnings per share (EPS) of $1.44. The company’s revenue for the quarter was $2.01 billion, slightly surpassing forecasts and marking a 7% increase year-over-year. Despite these results, Sanmina’s stock experienced a 1.1% decline in aftermarket trading. The company continues to invest in cloud infrastructure capabilities, which has been a significant contributor to its revenue growth. Analysts from Bank of America (NYSE:BAC) noted the ongoing inventory correction in the communication networks segment, which may impact short-term performance. Sanmina projects high single-digit revenue growth for fiscal 2025, with EPS expected to grow faster than revenue. The company also announced an additional $300 million share repurchase authorization, indicating confidence in its valuation and future prospects. Sanmina’s management emphasized their commitment to shareholder value through strategic investments and disciplined capital allocation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.