NASDAQ:SANM - Sanmina Stock Price, Forecast & News

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

Sanmina Corp (NASDAQ:SANM) posted its quarterly earnings results on Monday, January, 27th. The electronics maker reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.24. The electronics maker had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Sanmina had a return on equity of 14.09% and a net margin of 1.72%. The firm's revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. View Sanmina's Earnings History.

Sanmina issued an update on its second quarter earnings guidance on Monday, January, 27th. The company provided earnings per share guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72. The company issued revenue guidance of $1.70-1.80 billion, compared to the consensus revenue estimate of $1.79 billion.

1 Wall Street analysts have issued 12 month price targets for Sanmina's shares. Their forecasts range from $33.00 to $33.00. On average, they expect Sanmina's stock price to reach $33.00 in the next year. This suggests a possible upside of 1.0% from the stock's current price. View Analyst Price Targets for Sanmina.

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

News articles about SANM stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sanmina earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave headlines about the electronics maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Sanmina.

Sanmina saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,010,000 shares, an increase of 9.8% from the December 31st total of 1,830,000 shares. Based on an average trading volume of 388,900 shares, the days-to-cover ratio is currently 5.2 days. Approximately 3.0% of the shares of the 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), TTM Technologies (TTMI), KEMET (KEM), Methode Electronics (MEI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Key Tronic (KTCC) and Neonode (NEON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), Twitter (TWTR), NVIDIA (NVDA), FireEye (FEYE), General Motors (GM), Visa (V), Yelp (YELP), Intel (INTC), Micron Technology (MU) and Netflix (NFLX).

Sanmina's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Skyline Asset Management LP (0.51%), Reilly Financial Advisors LLC (0.43%), Peregrine Capital Management LLC (0.36%), California Public Employees Retirement System (0.34%), DNB Asset Management AS (0.13%) and New York State Teachers Retirement System (0.08%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, Dennis Young, John Goldsberry, Joseph G Licata Jr, Jure Sola and Wayne Shortridge. View Institutional Ownership Trends for Sanmina.

SANM stock was sold by a variety of institutional investors in the last quarter, including Arizona State Retirement System, Bowling Portfolio Management LLC, Campbell & CO Investment Adviser LLC, Louisiana State Employees Retirement System, New York State Teachers Retirement System, Peregrine Capital Management LLC and Strs Ohio. Company insiders that have sold Sanmina company stock in the last year include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, Dennis Young, John Goldsberry and Jure Sola. View Insider Buying and Selling for Sanmina.

SANM stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, California Public Employees Retirement System, Reilly Financial Advisors LLC, Skyline Asset Management LP, State of Alaska Department of Revenue, Zurcher Kantonalbank Zurich Cantonalbank , Advisors Preferred LLC and Nisa Investment Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of SANM stock can currently be purchased for approximately $32.66.

Sanmina has a market capitalization of $2.31 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.View Additional Information About Sanmina.

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]