NASDAQ:SANM - Sanmina Stock Price, News, & Analysis

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

Sanmina declared that its Board of Directors has initiated a share buyback plan on Tuesday, September 19th 2017, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 77% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Sanmina Corp (NASDAQ:SANM) posted its earnings results on Monday, April, 29th. The electronics maker reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.74 by $0.17. The electronics maker earned $2.13 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sanmina had a return on equity of 13.48% and a net margin of 1.48%. Sanmina's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. View Sanmina's Earnings History.

Sanmina is scheduled to release their next quarterly earnings announcement on Monday, July 29th 2019. View Earnings Estimates for Sanmina.

Sanmina issued an update on its third quarter earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of $0.77-0.82 for the period, compared to the Thomson Reuters consensus estimate of $0.74. The company issued revenue guidance of $1.925-2.025 billion, compared to the consensus revenue estimate of $1.94 billion.Sanmina also updated its Q3 2019 guidance to $0.72-0.82 EPS.

2 analysts have issued 1-year price targets for Sanmina's stock. Their predictions range from $33.00 to $35.00. On average, they expect Sanmina's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 15.2% 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.

News stories about SANM stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sanmina earned a news impact score of 1.4 on InfoTrie's scale. They also gave news stories about the electronics maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.

Some companies that are related to Sanmina include Flex (FLEX), Jabil (JBL), Plexus (PLXS), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), IEC Electronics (IEC), SigmaTron International (SGMA), NANO DIMENSION/S (NNDM) and Eltek (ELTK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), Twitter (TWTR), Micron Technology (MU), Intel (INTC), JD.Com (JD), Microvision (MVIS), Netflix (NFLX), NVIDIA (NVDA), TiVo (TIVO) and Tesla (TSLA).

Sanmina's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.33%), Dimensional Fund Advisors LP (8.33%), LSV Asset Management (5.12%), Diamond Hill Capital Management Inc. (4.21%), Donald Smith & CO. Inc. (1.75%) and JPMorgan Chase & Co. (1.46%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, John Goldsberry, Joseph G Licata Jr, Jure Sola, Robert K Eulau and Wayne Shortridge. View Institutional Ownership Trends for Sanmina.

SANM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Donald Smith & CO. Inc., Kennedy Capital Management Inc., Diamond Hill Capital Management Inc., Skyline Asset Management LP, LSV Asset Management, Royce & Associates LP and FMR LLC. Company insiders that have sold Sanmina company stock in the last year include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, John Goldsberry, Jure Sola and Wayne Shortridge. View Insider Buying and Selling for Sanmina.

SANM stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Oxford Asset Management LLP, Goldman Sachs Group Inc., SEI Investments Co, Assenagon Asset Management S.A., Geode Capital Management LLC and Man Group plc. 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, Scottrade, Fidelity and Charles Schwab.

One share of SANM stock can currently be purchased for approximately $29.52.

Sanmina has a market capitalization of $2.04 billion and generates $7.11 billion in revenue each year. The electronics maker earns $-95,530,000.00 in net income (profit) each year or $1.84 on an earnings per share basis. Sanmina employs 47,000 workers across the globe.

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]