TSX gains on big banks strength
Sanmina Corporation’s stock reached a 52-week high, hitting 107.31 USD, marking a significant milestone for the company. With a market capitalization of $5.26 billion, the electronic equipment manufacturer trades at a P/E ratio of 22.19. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. Over the past year, Sanmina’s stock has experienced a notable increase, with a 1-year change of 33.68%, including an impressive YTD return of nearly 30%. This upward trend reflects positive investor sentiment and confidence in the company’s performance and future prospects. The 52-week high underscores Sanmina’s strong market position and potential for continued growth in the electronics manufacturing services sector. Analyst price targets range from $95 to $120, and InvestingPro subscribers can access 13 additional key insights about Sanmina’s financial health and growth potential.
In other recent news, Sanmina Corporation reported better-than-expected financial results for the third quarter of fiscal year 2025. The company achieved earnings per share of $1.53, surpassing the analysts’ forecast of $1.42. Additionally, Sanmina’s revenue reached $2.04 billion, exceeding the projected $1.98 billion. Despite these positive earnings and revenue figures, the company’s stock experienced a minor decline in after-hours trading. These developments highlight Sanmina’s performance in the recent quarter.
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