NASDAQ:SANM - Sanmina Stock Price, News & Analysis

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

Sanmina announced that its Board of Directors has authorized a stock repurchase plan 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 purchase up to 77% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Sanmina Corp (NASDAQ:SANM) released its quarterly earnings results on Monday, July, 29th. The electronics maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The electronics maker earned $2.03 billion during the quarter, compared to analyst estimates of $1.98 billion. Sanmina had a return on equity of 13.98% and a net margin of 1.55%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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 earnings per share (EPS) guidance of $0.73-0.83 for the period, compared to the Thomson Reuters consensus EPS 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 brokerages have issued twelve-month price objectives for Sanmina's stock. Their predictions range from $33.00 to $33.00. On average, they anticipate Sanmina's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 1.3% 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 coverage about SANM stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sanmina earned a news impact score of 0.9 on InfoTrie's scale. They also gave news stories about the electronics maker a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Sanmina.

Sanmina saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,623,700 shares, an increase of 25.0% from the July 31st total of 1,298,700 shares. Based on an average daily volume of 372,700 shares, the days-to-cover ratio is presently 4.4 days. Currently, 2.4% of the company's stock are short sold. View Sanmina's Current Options Chain.

Some companies that are related to Sanmina include Flex (FLEX), Jabil (JBL), Plexus (PLXS), TTM Technologies (TTMI), CTS (CTS), Benchmark Electronics (BHE), Celestica (CLS), Kimball Electronics (KE), Park Electrochemical (PKE), 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), Twitter (TWTR), NVIDIA (NVDA), 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.87%), BlackRock Inc. (15.87%), Vanguard Group Inc. (10.10%), LSV Asset Management (4.51%), Earnest Partners LLC (4.36%) and Diamond Hill Capital Management Inc. (4.11%). Company insiders that own Sanmina stock include Alan Mcwilliams Reid, Brent Billinger, David Robert Anderson, John Goldsberry, Joseph G Licata Jr, 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 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 acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Neumeier Poma Investment Counsel LLC, BlackRock Inc., BlackRock Inc., Morgan Stanley, Grantham Mayo Van Otterloo & Co. LLC, Invesco Ltd. and Renaissance Technologies LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of SANM stock can currently be purchased for approximately $32.58.

Sanmina has a market capitalization of $2.27 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]