NASDAQ:SANMSanmina Stock Price, Forecast & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SANM shares have increased by 3.4% and is now trading at $24.63. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sanmina.

Sanmina is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Sanmina.

Sanmina Corp (NASDAQ:SANM) released its quarterly earnings results on Monday, April, 27th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.23. The electronics maker earned $2.59 billion during the quarter, compared to analyst estimates of $1.64 billion. Sanmina had a return on equity of 10.40% and a net margin of 1.44%. Sanmina's revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. View Sanmina's earnings history.

Sanmina issued an update on its third quarter earnings guidance on Monday, April, 27th. The company provided earnings per share (EPS) guidance of $0.30-$0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.59. The company issued revenue guidance of $1.50-$1.60 billion, compared to the consensus revenue estimate of $1.63 billion.

2 analysts have issued 12-month price targets for Sanmina's stock. Their forecasts range from $30.00 to $30.00. On average, they anticipate Sanmina's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price. View analysts' price targets for Sanmina.

Media stories about SANM stock have been trending negative on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sanmina earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the electronics maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Sanmina.

Sanmina saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,270,000 shares, a decline of 10.6% from the June 15th total of 1,420,000 shares. Based on an average trading volume of 487,500 shares, the short-interest ratio is presently 2.6 days. Approximately 1.9% of the company's stock are sold short. View Sanmina's Current Options Chain.

Some companies that are related to Sanmina include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Plexus (PLXS), KEMET (KEM), TTM Technologies (TTMI), Methode Electronics (MEI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Neonode (NEON) and Key Tronic (KTCC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), Vipshop (VIPS), NVIDIA (NVDA), Square (SQ), Twitter (TWTR), Alibaba Group (BABA), FireEye (FEYE), General Motors (GM), Mastercard (MA) and Netflix (NFLX).

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

Sanmina's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.13%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, Dennis Young, John Goldsberry and Jure Sola. View institutional ownership trends for Sanmina.

SANM stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of SANM stock can currently be purchased for approximately $24.63.

Sanmina has a market capitalization of $1.68 billion and generates $8.23 billion in revenue each year. The electronics maker earns $141.51 million in net income (profit) each year or $3.06 on an earnings per share basis. Sanmina employs 43,000 workers across the globe.

The official website for Sanmina is 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]