NASDAQ:SANM - Sanmina Stock Price, News, & Analysis

Sanmina trades on the NASDAQ under the ticker symbol "SANM."

Sanmina announced that its board has authorized a stock repurchase plan on Tuesday, September 19th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 77% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Sanmina Corp (NASDAQ:SANM) posted its quarterly earnings results on Monday, October, 29th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The electronics maker earned $1.88 billion during the quarter, compared to analysts' expectations of $1.85 billion. Sanmina had a negative net margin of 1.28% and a positive return on equity of 10.25%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. View Sanmina's Earnings History.

Sanmina is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for Sanmina.

Sanmina issued an update on its first quarter earnings guidance on Thursday, November, 15th. The company provided earnings per share (EPS) guidance of $0.68-0.74 for the period, compared to the Thomson Reuters consensus estimate of $0.71. The company issued revenue guidance of $1.875-1.925 billion, compared to the consensus revenue estimate of $1.90 billion.

4 brokerages have issued twelve-month price objectives for Sanmina's stock. Their forecasts range from $31.00 to $40.00. On average, they anticipate Sanmina's share price to reach $35.75 in the next twelve months. This suggests a possible upside of 46.7% from the stock's current price. View Analyst Price Targets for Sanmina.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sanmina.

News headlines about SANM stock have trended somewhat positive on Sunday, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sanmina earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave headlines about the electronics maker a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Some companies that are related to Sanmina include Flex (FLEX), Jabil (JBL), Plexus (PLXS), Celestica (CLS), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA), Eltek (ELTK) and IEC Electronics (IEC).

Sanmina's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.34%), Vanguard Group Inc. (9.85%), Vanguard Group Inc (9.85%), Dimensional Fund Advisors LP (8.52%), LSV Asset Management (5.36%) and Earnest Partners LLC (4.43%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, Jackie M Ward, John Goldsberry, Joseph G Licata Jr, Jure Sola, Neil R Bonke, Robert K Eulau and Wayne Shortridge. View Institutional Ownership Trends for Sanmina.

SANM stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Prudential Financial Inc., Dimensional Fund Advisors LP, Royce & Associates LP, GSA Capital Partners LLP, ClariVest Asset Management LLC and Nordea Investment Management AB. Company insiders that have sold Sanmina company stock in the last year include David Robert Anderson, Joseph G Licata Jr and Wayne Shortridge. View Insider Buying and Selling for Sanmina.

SANM stock was purchased by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Diamond Hill Capital Management Inc., Morgan Stanley, BlackRock Inc., Victory Capital Management Inc., Assenagon Asset Management S.A., Russell Investments Group Ltd. and Vanguard Group Inc. View Insider Buying and Selling for Sanmina.

Shares of SANM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of SANM stock can currently be purchased for approximately $24.37.

Sanmina has a market capitalization of $1.66 billion and generates $7.11 billion in revenue each year. The electronics maker earns $-95,530,000.00 in net income (profit) each year or $1.84 on an earnings per share basis. Sanmina employs 47,000 workers across the globe.

The official website for Sanmina is http://www.sanmina.com.

Sanmina's mailing address is 2700 NORTH FIRST STREET, SAN JOSE CA, 95134. The electronics maker can be reached via phone at 408-964-3500 or via email at [email protected]