Sanmina shares have surged 67.8% over the past six months to $243.24, driven by solid quarterly results and robust long-term growth. The electronics manufacturing services company grew revenue at a 10.2% compound annual rate over five years, outpacing the average industrial, while earnings per share expanded at a 17% annual clip, signaling improving profitability. Wall Street analysts project revenue will rise 29.3% over the next 12 months, a notable acceleration from its historical pace. The stock now trades at 21.2 times forward earnings.
Sanmina CorporationSolid quarterly results and strong earnings growth drive the stock surge.