NASDAQ:SANMSanmina Stock Price, Forecast & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SANM stock has increased by 27.7% and is now trading at $30.41.
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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) issued its quarterly earnings results on Wednesday, July, 29th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.62. The electronics maker earned $1.66 billion during the quarter, compared to analysts' expectations of $1.57 billion. Sanmina had a return on equity of 10.35% and a net margin of 1.55%. The business's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS.
View Sanmina's earnings history.

Sanmina issued an update on its fourth quarter earnings guidance on Wednesday, July, 29th. The company provided earnings per share (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 equities research analysts have issued twelve-month price targets for Sanmina's shares. Their forecasts range from $30.00 to $40.00. On average, they expect Sanmina's share price to reach $34.33 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Press coverage about SANM stock has been trending negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sanmina earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave press coverage about the electronics maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Sanmina.

Sanmina saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,770,000 shares, a drop of 11.9% from the December 31st total of 2,010,000 shares. Based on an average daily volume of 393,900 shares, the short-interest ratio is currently 4.5 days. Currently, 2.6% of the shares of the company are sold short.
View Sanmina's Short Interest.

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), Key Tronic (KTCC) and Neonode (NEON).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), NVIDIA (NVDA), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Intel (INTC), Micron Technology (MU), AbbVie (ABBV), FireEye (FEYE), SunPower (SPWR) and Square (SQ).

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 LSV Asset Management (3.86%), New York State Common Retirement Fund (1.39%), Bank of New York Mellon Corp (1.36%), Principal Financial Group Inc. (0.75%), Foundry Partners LLC (0.66%) and Prudential Financial Inc. (0.60%). 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 Victory Capital Management Inc., Reilly Financial Advisors LLC, LSV Asset Management, First Quadrant L P CA, UBS Group AG, Foundry Partners LLC, Skyline Asset Management LP, and Principal Financial Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Assenagon Asset Management S.A., Empowered Funds LLC, Prudential Financial Inc., DNB Asset Management AS, Seizert Capital Partners LLC, SG Americas Securities LLC, and Swiss National Bank.
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 $30.41.

Sanmina has a market capitalization of $2.06 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]