Sanmina Corporation Company Profile (NASDAQ:SANM)

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

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

Sanmina Corporation (NASDAQ:SANM) issued its quarterly earnings results on Monday, July, 24th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.01. The business had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. View Sanmina Corporation's Earnings History.

Sanmina Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Sanmina Corporation.

Sanmina Corporation updated its fourth quarter earnings guidance on Monday, July, 24th. The company provided earnings per share guidance of $0.73-0.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.79. The company issued revenue guidance of $1.725-1.775 billion, compared to the consensus revenue estimate of $1.78 billion.

5 brokers have issued 12-month target prices for Sanmina Corporation's stock. Their predictions range from $40.00 to $48.00. On average, they expect Sanmina Corporation's share price to reach $43.25 in the next twelve months. View Analyst Ratings for Sanmina Corporation.

Here are some recent quotes from research analysts about Sanmina Corporation stock:

• 1. According to Zacks Investment Research, "Sanmina Corporation is engaged in providing electronics contract manufacturing services. It focuses on engineering and fabricating complex components and also on providing complete end-to-end supply chain solutions to Original Equipment Manufacturers. The Company's services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test; direct order fulfillment and logistics services, and after-market product service and support. Sanmina Corporation, formerly known as Sanmina-SCI Corp., is based in San Jose, California. " (9/14/2017)
• 2. Royal Bank Of Canada analysts commented, "The company is expected to report 1Q17 earnings on Tuesday, May 2, after market close and host a call with investors at 4:30pm ET." (4/25/2017)

Some companies that are related to Sanmina Corporation include Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS), Tower Semiconductor (TSEM), Vishay Intertechnology (VSH), Cree (CREE), Mellanox Technologies (MLNX), Semtech Corporation (SMTC), Rogers Corporation (ROG), Power Integrations (POWI), Cabot Microelectronics Corporation (CCMP), Plexus Corp. (PLXS) and Celestica (CLS).

Sanmina Corporation's management team includes the folowing people:

• Jure Sola, Chairman of the Board, Chief Executive Officer
• Robert K. Eulau, Chief Executive Officer, Director
• Dennis E. Young, Executive Vice President - Worldwide Sales and Marketing
• Alan Reid, Executive Vice President - Global Human Resources
• Wayne Shortridge, Lead Independent Director
• Michael Joseph Clarke, Independent Director
• Eugene A. Delaney, Independent Director
• John P. Goldsberry Ph.D., Independent Director
• Rita S. Lane, Independent Director

Sanmina Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.55%), Vanguard Group Inc. (9.54%), Dimensional Fund Advisors LP (8.42%), LSV Asset Management (4.95%), Northern Trust Corp (3.07%) and Donald Smith & CO. Inc. (2.69%). Company insiders that own Sanmina Corporation stock include Alan Mcwilliams Reid, Charles Kostalnick II, 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 Corporation.

Sanmina Corporation's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Personal Capital Advisors Corp, Northern Trust Corp, Numeric Investors LLC, Acadian Asset Management LLC, AHL Partners LLP and Donald Smith & CO. Inc.. Company insiders that have sold Sanmina Corporation stock in the last year include Alan Mcwilliams Reid, David Robert Anderson, Jackie M Ward, John Goldsberry, Joseph G Licata Jr, Jure Sola, Neil R Bonke and Robert K Eulau. View Insider Buying and Selling for Sanmina Corporation.

Sanmina Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Victory Capital Management Inc., Westpac Banking Corp, Robeco Institutional Asset Management B.V., Hussman Strategic Advisors Inc., Balyasny Asset Management LLC, LSV Asset Management and Wells Fargo & Company MN. View Insider Buying and Selling for Sanmina Corporation.

Shares of Sanmina Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sanmina Corporation stock can currently be purchased for approximately $37.30.