NASDAQ:SANMSanmina Stock Price, Forecast & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SANM stock has increased by 25.6% and is now trading at $29.91.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Sanmina is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
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Sanmina Corp (NASDAQ:SANM) posted its quarterly earnings results on Wednesday, July, 29th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.62. The electronics maker had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.57 billion. Sanmina had a return on equity of 10.35% and a net margin of 1.55%. Sanmina's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share.
View Sanmina's earnings history.

Sanmina updated its fourth quarter earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of $0.73-0.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. The company issued revenue guidance of $1.73-1.83 billion, compared to the consensus revenue estimate of $1.62 billion.

3 analysts have issued 1-year price targets for Sanmina's shares. Their forecasts range from $30.00 to $40.00. On average, they anticipate Sanmina's share price to reach $34.33 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
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News stories about SANM stock have trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sanmina earned a news impact score of -1.0 on InfoTrie's scale. They also gave press coverage about the electronics maker a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the next several days.
View the latest news about Sanmina.

Sanmina saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,130,000 shares, a drop of 11.0% from the June 30th total of 1,270,000 shares. Based on an average trading volume of 438,200 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.7% of the shares of the company are sold short.
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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), Methode Electronics (MEI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Neonode (NEON) and Key Tronic (KTCC).
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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 investors include Foundry Partners LLC (0.66%), Skyline Asset Management LP (0.43%), DNB Asset Management AS (0.28%), Peregrine Capital Management LLC (0.25%), Assenagon Asset Management S.A. (0.16%) and Empowered Funds LLC (0.14%). 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 sold by a variety of institutional investors in the last quarter, including Reilly Financial Advisors LLC, First Quadrant L P CA, UBS Group AG, Foundry Partners LLC, Skyline Asset Management LP, First Trust Advisors LP, Bowling Portfolio Management LLC, and DekaBank Deutsche Girozentrale. 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 activity for Sanmina.

SANM stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Empowered Funds LLC, DNB Asset Management AS, SG Americas Securities LLC, Envestnet Asset Management Inc., ProShare Advisors LLC, Stone Ridge Asset Management LLC, and Pacer Advisors Inc..
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 $29.91.

Sanmina has a market capitalization of $2.03 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]