SANM

Earnings Conference Call Announcement: Sanmina Corporation will host its second quarter fiscal 2025 earnings conference call on April 28, 2025, at 5:00 PM ET, with a live webcast available on their website.

Company Overview: Sanmina is a Fortune 500 integrated manufacturing solutions provider in the Electronics Manufacturing Services market, serving various industries including industrial, medical, and aerospace.

SANMINA CORPORATION Lobbying Disclosure: SANMINA disclosed $90,000 in lobbying expenditures for Q1 2025, focusing on issues such as the Protecting Circuit Boards and Substrates Act and funding for the Department of Defense Appropriations Act.

Insider Trading Activity: In the past six months, SANM insiders executed 12 stock sales with no purchases, while institutional investors showed mixed activity, with 147 increasing their positions and 140 decreasing them.

Insider Trading Activity: David V III Hedley, a director at $SANM, sold 302 shares for approximately $22,785, representing about 3.9% of his holdings, leaving him with 7,364 shares. In the past six months, all insider trades have been sales, totaling 12 transactions without any purchases.

Institutional Investor Movements: In the latest quarter, 147 institutional investors increased their positions in $SANM stock while 164 reduced theirs, indicating mixed sentiment among institutional holders.

Appointment Announcement: Sanmina Corporation has appointed Michael J. Loparco to its Board of Directors, effective March 10, 2025, bringing over 25 years of experience in global manufacturing and leadership roles, including his recent position as CEO of Symbotic.

Company Overview: Sanmina is a Fortune 500 integrated manufacturing solutions provider serving various sectors, including industrial and medical markets, recognized for delivering high-quality manufacturing solutions globally.

Appointment Announcement: Sanmina Corporation has appointed Michael J. Loparco to its Board of Directors, effective March 10, 2025, bringing over 25 years of experience in global manufacturing and leadership roles, including his recent position as CEO of Symbotic.

Company Overview: Sanmina is a Fortune 500 integrated manufacturing solutions provider serving various sectors, including industrial and medical markets, recognized for delivering high-quality manufacturing solutions globally.

Overview of Low Beta Tech Stocks: The article discusses the significance of low-beta stocks, particularly in the current volatile market environment, highlighting their stability and potential for steady returns. It emphasizes that Sanmina Corporation (NASDAQ:SANM) ranks 7th among the best low beta tech stocks according to analysts, with a projected upside of 20%.

Investment Insights on Beta: The piece explains the concept of beta as a measure of stock volatility, detailing how different beta levels cater to varying investor objectives. It also notes recent shifts in industry cyclicality due to factors like AI advancements, urging investors to stay informed about evolving market trends when making investment decisions.

Sanmina Corp Trading Update: Shares of Sanmina Corp (SANM) have entered oversold territory with an RSI reading of 29.3, indicating potential exhaustion of recent selling pressure, as the stock trades around $76.02 per share.

52-Week Performance Insight: SANM's 52-week low is $57.52 and its high is $91.12, suggesting a significant range in performance over the past year, with the last trade noted at $76.32.

Director's Share Sale: Sanmina director Mario Rosati sold 11,391 common shares at $86.018 each on February 21, as disclosed in a regulatory filing.

Investment Insights: TipRanks offers tools for investors to identify stocks with strong buy ratings and analyze investment opportunities effectively.

Analyst Upgrades: Several Wall Street analysts have upgraded their ratings on various companies, including Brighthouse Financial (from Equal-Weight to Overweight), Coinbase Global (from Underperform to Neutral), and Open Lending Corporation (from Hold to Buy).

Price Target Adjustments: Analysts also adjusted price targets significantly, with Brighthouse Financial's target raised from $52 to $85, Coinbase's from $250 to $290, and Sanmina Corporation's from $58 to $92.

Earnings Report: Sanmina Corporation reported first-quarter earnings of $1.44 per share, meeting analyst expectations, with revenue slightly exceeding estimates at $2.01 billion.

Future Guidance and Share Repurchase: For the second quarter, Sanmina anticipates EPS between $1.30 to $1.40 and revenue between $1.9 billion and $2 billion, both below analyst forecasts; additionally, the Board authorized a $300 million share repurchase program.

Earnings Performance: Sanmina Corporation reported a first-quarter profit of $65 million ($1.16 per share), an increase from $57.07 million ($0.98 per share) last year, surpassing analyst expectations of $1.37 per share.

Revenue Growth and Guidance: The company's revenue rose 7% to $2.006 billion, with guidance for the next quarter's EPS set between $1.30 and $1.40 and revenue expected to be between $1.9 billion and $2.0 billion.

Earnings Reports Expected: Several companies, including Sanmina Corporation, PotlatchDeltic Corporation, and WSFS Financial Corporation, are set to report their earnings for the quarter ending December 31, 2024, with varying forecasts from analysts.

Performance Comparisons: Many companies are experiencing changes in earnings per share compared to the same quarter last year, with some showing increases (e.g., Sanmina and Transcat) while others, like Marten Transport and Preferred Bank, are reporting decreases.

Financial Performance: Sanmina Corporation reported a revenue of $2.01 billion for Q1 fiscal 2025, with a GAAP operating margin of 4.4% and diluted EPS of $1.16, exceeding expectations in non-GAAP earnings per share at $1.44.

Outlook and Share Repurchase: The company anticipates revenue between $1.9 billion to $2.0 billion for Q2 fiscal 2025 and has authorized an additional $300 million for its stock repurchase program, reflecting confidence in future growth.

Market Reaction to DeepSeek AI Model: U.S. stock futures fell sharply due to the emergence of DeepSeek, a Chinese AI model that performs well at lower costs, raising concerns for major tech companies and leading to significant declines in index futures.

Upcoming Earnings Reports and Economic Data: This week, several major tech companies will report earnings, while key economic data releases are anticipated, including home sales and consumer confidence, amidst speculation about Federal Reserve interest rate decisions.

Upcoming Earnings Reports: Major companies expected to report earnings after the market closes on Monday include AGNC Investment Corp., Nucor Corporation, Alexandria Real Estate Equities, PotlatchDeltic Corporation, and Brown & Brown.

Additional Earnings Releases: Other companies scheduled to release their earnings after Monday's close include CR, ELS, GGG, SANM, WAL, and WRB.

Market Sentiment and Stock Performance: The CNN Money Fear and Greed index improved to 48.7, indicating a "Neutral" market sentiment, while U.S. stocks closed lower despite positive weekly gains for major indices. Notable declines were seen in tech stocks like Nvidia and Tesla.

Economic Indicators and Earnings Reports: Economic data showed a decline in the S&P Global Services PMI but an increase in Manufacturing PMI. Investors are anticipating earnings results from companies such as AT&T, Nucor, and Sanmina.

Earnings Reports Anticipated: AT&T and Nucor are expected to report quarterly earnings today, with AT&T projected at 50 cents per share and Nucor at 65 cents per share. Both companies saw slight declines in after-hours trading.

Positive Results from Northrim BanCorp: Northrim BanCorp exceeded expectations in its fourth-quarter results, leading to a minor increase in its stock price, while Brown & Brown and Sanmina are also set to release their earnings later today.

Earnings Conference Call Announcement: Sanmina Corporation will host its first quarter fiscal 2025 earnings conference call on January 27, 2025, at 5:00 PM ET, with a live webcast available on their website.

Company Overview: Sanmina is a Fortune 500 integrated manufacturing solutions provider in the Electronics Manufacturing Services market, serving various sectors including industrial, medical, and aerospace, with global facilities.

Leadership Transition at Sanmina: Sanmina Corporation is undergoing a leadership change as Brent Billinger, Senior Vice President and Controller, plans to retire in January 2025. Vishnu Gangaswamy Venkatesh will take over as Senior Vice President, Global Controller and Chief Accounting Officer starting December 2024.

Impact on Financial Leadership: This transition signifies a notable shift in the financial leadership of Sanmina, with expectations for continued development in their finance operations under the new appointee.

Top Rated IT Stocks: The article highlights top-rated Information Technology stocks according to Validea's P/E/Growth Investor model, which is based on Peter Lynch's strategy, focusing on stocks with reasonable prices relative to earnings growth and strong balance sheets. Notable mentions include First Solar Inc., Sanmina Corp., and Hitachi Ltd, each receiving high ratings above 90%.

Company Descriptions: Each company is briefly described, detailing their core business operations and market segments, such as First Solar's photovoltaic solar energy solutions, Sanmina's integrated manufacturing services, and Hitachi's diverse technology offerings across various industries.