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 data on Monday, January, 27th. The electronics maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.55 by $0.24. The electronics maker earned $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. Sanmina had a net margin of 1.80% and a return on equity of 13.53%. Sanmina's revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. View Sanmina's Earnings History.

Sanmina is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Sanmina.

Sanmina updated 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 EPS 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 stock. Their forecasts range from $35.00 to $35.00. On average, they expect Sanmina's stock price to reach $35.00 in the next year. This suggests a possible upside of 17.0% 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 coverage about SANM stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 -1.8 on InfoTrie's scale. They also gave media 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 effect on the company's share price in the near future. View News Stories for Sanmina.

Sanmina saw a decrease in short interest in January. As of January 31st, there was short interest totalling 1,770,000 shares, a decrease of 11.9% from the January 15th total of 2,010,000 shares. Based on an average trading volume of 393,900 shares, the days-to-cover ratio is presently 4.5 days. Approximately 2.6% of the company's shares 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), 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), Netflix (NFLX), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Mastercard (MA), Square (SQ), Visa (V) and Verizon Communications (VZ).

Sanmina's stock is owned by a number of of institutional and retail investors. Top institutional investors include Earnest Partners LLC (4.55%), LSV Asset Management (4.08%), State Street Corp (3.03%), Diamond Hill Capital Management Inc. (3.02%), Renaissance Technologies LLC (1.47%) and Geode Capital Management LLC (1.40%). 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 Diamond Hill Capital Management Inc., Donald Smith & CO. Inc., Renaissance Technologies LLC, Bank of America Corp DE, Victory Capital Management Inc., SG Americas Securities LLC, LSV Asset Management and Prudential Financial Inc.. Company insiders that have sold Sanmina company stock in the last year include Alan Mcwilliams Reid, Brent Billinger, Dennis Young, John Goldsberry and Jure Sola. View Insider Buying and Selling for Sanmina.

SANM stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Goldman Sachs Group Inc., Man Group plc, UBS Group AG, Earnest Partners LLC, Bank of Montreal Can, FMR LLC and DNB Asset Management AS. 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 $29.92.

Sanmina has a market capitalization of $2.11 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]