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

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

Sanmina announced that its Board of Directors has approved a share repurchase program on Tuesday, September 19th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 77% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Sanmina Corp (NASDAQ:SANM) released its earnings results on Monday, October, 29th. The electronics maker reported $0.67 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.01. The electronics maker had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. Sanmina had a positive return on equity of 10.25% and a negative net margin of 1.28%. Sanmina's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share. 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 EPS guidance of $0.68-0.74 for the period, compared to the Thomson Reuters consensus earnings per share 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 1-year price objectives for Sanmina's stock. Their predictions range from $31.00 to $40.00. On average, they anticipate Sanmina's share price to reach $35.75 in the next year. This suggests a possible upside of 40.2% 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sanmina.

News coverage about SANM stock has been trending very positive recently, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Sanmina earned a media sentiment score of 3.9 on InfoTrie's scale. They also assigned news articles about the electronics maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days.

Some companies that are related to Sanmina include Flex (FLEX), Jabil (JBL), Plexus (PLXS), Celestica (CLS), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Kimball Electronics (KE), 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 investors include Skyline Asset Management LP (0.81%) and Louisiana State Employees Retirement System (0.04%). 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 Skyline Asset Management LP and Louisiana State Employees Retirement System. 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.

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 $25.50.

Sanmina has a market capitalization of $1.74 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]