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

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

Sanmina declared that its Board of Directors has authorized 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 buy up to 77% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Sanmina Corp (NASDAQ:SANM) posted its quarterly earnings results on Monday, October, 29th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.01. The electronics maker earned $1.88 billion during the quarter, compared to analysts' expectations of $1.85 billion. Sanmina had a negative net margin of 1.28% and a positive return on equity of 10.25%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share. View Sanmina's Earnings History.

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

Sanmina issued an update on its first quarter earnings guidance on Thursday, November, 15th. The company provided earnings per share guidance of $0.68-0.74 for the period, compared to the Thomson Reuters consensus estimate of $0.71. The company issued revenue guidance of $1.875-1.925 billion, compared to the consensus revenue estimate of $1.90 billion.

4 brokers have issued 12-month target prices for Sanmina's stock. Their predictions range from $31.00 to $40.00. On average, they expect Sanmina's stock price to reach $35.75 in the next year. This suggests a possible upside of 42.3% from the stock's current price. View Analyst Price Targets for Sanmina.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sanmina.

Press coverage about SANM stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sanmina earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave media coverage about the electronics maker a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.

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

Sanmina's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.34%), Vanguard Group Inc. (9.85%), Dimensional Fund Advisors LP (8.52%), LSV Asset Management (5.36%), Earnest Partners LLC (4.43%) and Alliancebernstein L.P. (4.21%). 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 JPMorgan Chase & Co., JPMorgan Chase & Co., Prudential Financial Inc., Dimensional Fund Advisors LP, Royce & Associates LP, GSA Capital Partners LLP, ClariVest Asset Management LLC and Nordea Investment Management AB. Company insiders that have sold Sanmina company stock in the last year include David Robert Anderson, Joseph G Licata Jr and Wayne Shortridge. View Insider Buying and Selling for Sanmina.

SANM stock was acquired by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Diamond Hill Capital Management Inc., Morgan Stanley, BlackRock Inc., Victory Capital Management Inc., Assenagon Asset Management S.A., Russell Investments Group Ltd. and Vanguard Group Inc.. 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 $25.12.

Sanmina has a market capitalization of $1.71 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.

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]