Sanmina Stock Forecast, Price & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SANM shares have increased by 17.0% and is now trading at $27.87.
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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.
View our earnings forecast for Sanmina.

Sanmina Corp (NASDAQ:SANM) issued its quarterly earnings data 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 analysts' expectations of $1.57 billion. Sanmina had a return on equity of 10.35% and a net margin of 1.55%. Sanmina's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $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 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 brokers have issued 1-year price targets for Sanmina's stock. Their forecasts range from $30.00 to $40.00. On average, they expect Sanmina's stock price to reach $34.33 in the next year. This suggests a possible upside of 23.2% from the stock's current price.
View analysts' price targets for Sanmina.

Sanmina saw a increase in short interest in 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 volume of 443,900 shares, the short-interest ratio is presently 3.0 days. Currently, 2.1% of the company's shares 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), Neonode (NEON) and Key Tronic (KTCC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), Skyworks Solutions (SWKS), AbbVie (ABBV), Square (SQ), AT&T (T) and Tesla (TSLA).

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

Sanmina's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.42%), LSV Asset Management (3.86%), Nuveen Asset Management LLC (1.59%), Grantham Mayo Van Otterloo & Co. LLC (1.43%), New York State Common Retirement Fund (1.39%) and Bank of New York Mellon Corp (1.36%). 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 Goldman Sachs Group Inc., Victory Capital Management Inc., Vanguard Group Inc., Reilly Financial Advisors LLC, LSV Asset Management, Charles Schwab Investment Management Inc., First Quadrant L P CA, and UBS Group AG. 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 bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Alyeska Investment Group L.P., Assenagon Asset Management S.A., Empowered Funds LLC, Prudential Financial Inc., DNB Asset Management AS, Seizert Capital Partners LLC, and Jane Street Group LLC.
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 $27.87.

Sanmina has a market capitalization of $1.89 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]