NASDAQ:SANM - Sanmina Stock Price, News & Analysis

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

Sanmina declared that its board has authorized a share buyback program on Tuesday, September 19th 2017, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 77% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Sanmina Corp (NASDAQ:SANM) announced its quarterly earnings results on Monday, July, 29th. The electronics maker reported $0.82 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.77 by $0.05. The electronics maker earned $2.03 billion during the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a return on equity of 13.98% and a net margin of 1.55%. Sanmina's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. View Sanmina's Earnings History.

Sanmina is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Sanmina.

Sanmina issued an update on its fourth quarter earnings guidance on Monday, July, 29th. The company provided EPS guidance of $0.73-0.83 for the period, compared to the Thomson Reuters consensus estimate of $0.77. The company issued revenue guidance of $1.9-2.0 billion, compared to the consensus revenue estimate of $2.00 billion.

2 analysts have issued 12-month target prices for Sanmina's stock. Their predictions range from $33.00 to $33.00. On average, they expect Sanmina's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 9.9% 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.

Media headlines about SANM stock have been trending negative on Monday, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sanmina earned a news impact score of -2.3 on InfoTrie's scale. They also gave media headlines about the electronics maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Sanmina.

Sanmina saw a drop in short interest in July. As of July 31st, there was short interest totalling 1,298,700 shares, a drop of 15.7% from the June 30th total of 1,540,800 shares. Based on an average trading volume of 366,700 shares, the short-interest ratio is currently 3.5 days. Approximately 2.0% of the company's shares are sold short. View Sanmina's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), NVIDIA (NVDA), Twitter (TWTR), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), Mastercard (MA), Square (SQ), Visa (V) and Intel (INTC).

Sanmina's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.87%), Vanguard Group Inc. (10.10%), LSV Asset Management (4.51%), Earnest Partners LLC (4.36%), Diamond Hill Capital Management Inc. (4.11%) and Nuveen Asset Management LLC (1.84%). 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 LSV Asset Management, Donald Smith & CO. Inc., Prudential Financial Inc., Diamond Hill Capital Management Inc., Skyline Asset Management LP, Pinebridge Investments L.P., Rothschild & Co. Asset Management US Inc. and Alberta Investment Management Corp. Company insiders that have sold Sanmina company stock in the last year include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, John Goldsberry and Jure Sola. View Insider Buying and Selling for Sanmina.

SANM stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Neumeier Poma Investment Counsel LLC, BlackRock Inc., Morgan Stanley, Grantham Mayo Van Otterloo & Co. LLC, Invesco Ltd., Renaissance Technologies LLC and Northern Trust Corp. 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 $30.04.

Sanmina has a market capitalization of $2.09 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.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]