NASDAQ:SANM - Sanmina Stock Price, Forecast & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SANM shares have increased by 6.3% and is now trading at $25.32. View which stocks have been mosted impacted by Coronavirus.

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.

Sanmina is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Sanmina.

Sanmina Corp (NASDAQ:SANM) posted its quarterly earnings data on Monday, January, 27th. The electronics maker reported $0.79 EPS for the quarter, topping analysts' consensus estimates 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%. The firm's revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. View Sanmina's earnings history.

Sanmina issued an update on 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 earnings per share 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 brokers have issued 12-month price objectives for Sanmina's stock. Their forecasts range from $35.00 to $35.00. On average, they anticipate Sanmina's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 38.2% from the stock's current price. View analysts' price targets for Sanmina.

Media coverage about SANM stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sanmina earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned media headlines about the electronics maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutSanmina.

Sanmina saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,653,400 shares, an increase of 8.8% from the February 27th total of 1,520,000 shares. Based on an average daily volume of 475,300 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.4% 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), Mercury Systems (MRCY), Jabil (JBL), Fabrinet (FN), Plexus (PLXS), KEMET (KEM), TTM Technologies (TTMI), Methode Electronics (MEI), CTS (CTS), Benchmark Electronics (BHE), 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), Alibaba Group (BABA), Mastercard (MA), Square (SQ), Visa (V), Verizon Communications (VZ) and Adobe (ADBE).

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

Sanmina's stock is owned by a number of retail and institutional 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%), Nuveen Asset Management LLC (1.74%) and Norges Bank (1.54%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, Dennis Young, John Goldsberry, 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., Nuveen Asset Management LLC, SG Americas Securities LLC, and LSV Asset Management. 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 Norges Bank, AQR Capital Management LLC, Goldman Sachs Group Inc., Man Group plc, UBS Group AG, Earnest Partners LLC, Bank of Montreal Can, and FMR LLC. 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 $25.32.

Sanmina has a market capitalization of $1.79 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]