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

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

Sanmina declared that its board has initiated a share buyback program 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 repurchase up to 77% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Sanmina Corp (NASDAQ:SANM) released its quarterly earnings data on Monday, July, 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by $0.02. The electronics maker had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.73 billion. Sanmina had a positive return on equity of 10.28% and a negative net margin of 1.01%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. View Sanmina's Earnings History.

Sanmina is scheduled to release their next quarterly earnings announcement on Monday, October, 29th 2018. View Earnings Estimates for Sanmina.

Sanmina updated its fourth quarter earnings guidance on Monday, July, 30th. The company provided earnings per share (EPS) guidance of $0.63-0.69 for the period, compared to the Thomson Reuters consensus estimate of $0.64. The company issued revenue guidance of $1.83-1.88 billion, compared to the consensus revenue estimate of $1.77 billion.

6 brokerages have issued 12-month price targets for Sanmina's shares. Their forecasts range from $31.00 to $40.00. On average, they anticipate Sanmina's share price to reach $35.75 in the next year. This suggests a possible upside of 18.4% from the stock's current price. View Analyst Price Targets for Sanmina.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sanmina.

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), IEC Electronics (IEC), SMTC (SMTX), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA) and Eltek (ELTK).

Press coverage about SANM stock has been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sanmina earned a coverage optimism score of 0.14 on Accern's scale. They also gave press coverage about the electronics maker an impact score of 49.50 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Sanmina.

Sanmina's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.02%), Dimensional Fund Advisors LP (8.65%), LSV Asset Management (5.33%), Earnest Partners LLC (4.41%), Diamond Hill Capital Management Inc. (3.60%) and Donald Smith & CO. Inc. (2.15%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, 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.

SANM stock was sold by a variety of institutional investors in the last quarter, including Donald Smith & CO. Inc., Voya Investment Management LLC, Dimensional Fund Advisors LP, Royce & Associates LP, First Trust Advisors LP, LSV Asset Management, California Public Employees Retirement System and Zebra Capital Management LLC. Company insiders that have sold Sanmina company stock in the last year include Joseph G Licata Jr, Robert K Eulau 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., Diamond Hill Capital Management Inc., Renaissance Technologies LLC, Peregrine Capital Management LLC, Victory Capital Management Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Millennium Management LLC and Canada Pension Plan Investment Board. 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 $30.20.

Sanmina has a market capitalization of $2.05 billion and generates $6.87 billion in revenue each year. The electronics maker earns $138.83 million in net income (profit) each year or $2.87 on an earnings per share basis. Sanmina employs 47,000 workers across the globe.

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]