NASDAQ:SANM - Sanmina Stock Price, Forecast & News

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

Sanmina Corp (NASDAQ:SANM) released its earnings results on Monday, January, 27th. The electronics maker reported $0.79 earnings per share 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 the consensus estimate of $1.78 billion. Sanmina had a return on equity of 14.09% and a net margin of 1.72%. The business's revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. 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 (EPS) guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus 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.

2 brokers have issued 12-month price targets for Sanmina's shares. Their forecasts range from $33.00 to $35.00. On average, they anticipate Sanmina's share price to reach $34.00 in the next year. This suggests a possible upside of 3.0% from the stock's current price. View Analyst Price Targets for Sanmina.

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.

Media coverage about SANM stock has trended very positive on Wednesday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sanmina earned a news sentiment score of 3.3 on InfoTrie's scale. They also gave news headlines about the electronics maker a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the next few days. View News Stories for Sanmina.

Sanmina saw a increase in short interest in 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 short-interest ratio is presently 5.2 days. Approximately 3.0% of the shares of the stock are short sold. 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), NVIDIA (NVDA), Twitter (TWTR), Netflix (NFLX), Visa (V), Verizon Communications (VZ), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA) and Mastercard (ma).

Sanmina's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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 SG Americas Securities LLC, 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 acquired 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 $33.00.

Sanmina has a market capitalization of $2.33 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]