Sanmina Stock Forecast, Price & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SANM shares have increased by 13.9% and is now trading at $27.13.
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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."
View analyst ratings for Sanmina.

Sanmina is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Sanmina.

Sanmina Corp (NASDAQ:SANM) released its earnings results on Wednesday, July, 29th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.24 by $0.62. The electronics maker earned $1.66 billion during the quarter, compared to the consensus estimate of $1.57 billion. Sanmina had a net margin of 1.55% and a return on equity of 10.35%. Sanmina's revenue was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share.
View Sanmina's earnings history.

Sanmina updated its fourth quarter earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of $0.73-0.83 for the period, compared to the Thomson Reuters consensus 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 brokerages have issued 12 month price targets for Sanmina's stock. Their forecasts range from $30.00 to $40.00. On average, they anticipate Sanmina's stock price to reach $34.33 in the next year. This suggests a possible upside of 26.6% from the stock's current price.
View analysts' price targets for Sanmina.

Sanmina saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,350,000 shares, an increase of 11.6% from the August 15th total of 1,210,000 shares. Based on an average daily trading volume, of 443,900 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.1% of the shares of the stock are short sold.
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), Advanced Micro Devices (AMD), Intel (INTC), Micron Technology (MU), Skyworks Solutions (SWKS), AbbVie (ABBV), Teradyne (TER), Cree (CREE) and Canadian Solar (CSIQ).

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

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 $27.13.

Sanmina has a market capitalization of $1.84 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]