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Sanmina Corporation’s stock reached a new 52-week high, hitting $121.74, marking a significant milestone for the $6.48 billion electronic equipment manufacturer. According to InvestingPro, the company maintains a "GOOD" overall financial health score. Over the past year, Sanmina’s stock has experienced a remarkable increase of 74.27%, with an impressive 57.29% gain year-to-date. The company’s strong balance sheet, holding more cash than debt, has helped drive investor confidence. This surge in stock price underscores the company’s robust performance and strategic initiatives, including management’s aggressive share buyback program, that have resonated well with investors. As Sanmina continues to navigate the competitive landscape, this milestone serves as a testament to its growth trajectory and market positioning. Discover 16 additional key insights about Sanmina with an InvestingPro subscription.
In other recent news, Sanmina Corporation reported impressive financial results for the third quarter of fiscal year 2025. The company announced earnings per share (EPS) of $1.53, which surpassed analysts’ expectations of $1.42. Additionally, Sanmina’s revenue reached $2.04 billion, exceeding the projected $1.98 billion. These results indicate strong performance during the period, reflecting Sanmina’s ability to outperform market forecasts. Despite the positive earnings and revenue figures, the company’s stock experienced a slight decline in after-hours trading. Analysts have noted these developments, but no significant changes in stock ratings have been reported from major firms. Sanmina’s recent financial achievements highlight its continued growth and resilience in the market.
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