What we make, makes a difference
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Type
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Public |
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Traded as | NASDAQ: SANM S&P 600 Component |
Industry | Electronics Manufacturing Services |
Founded | 1980 (1980) |
Founder | Jure Sola |
Headquarters | San Jose, California, United States |
Key people
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Jure Sola, chairman; Bob Eulau, chief executive and chief financial officer |
Revenue | US$6.481 billion (2016) |
Number of employees
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40,178 (2016) |
Divisions | Viking Technology, SCI, Newisys, 42Q MES |
Website | http://www.sanmina.com/ |
Sanmina Corporation is a global electronics manufacturing services (EMS) provider headquartered in San Jose, California that serves original equipment manufacturers in technology-related industries such as communications and computer hardware. Sanmina has nearly 80 manufacturing sites. The company is one of the world’s largest independent manufacturers of printed circuit boards and backplanes. The company features in the Fortune 500 list, ranked at 414. It holds a rank in the list for the 16th year.
Sanmina was founded by Jure Sola and Milan Mandarić in 1980 as a printed circuit board manufacturer. During the 1980s, the company expanded into manufacturing backplanes and subassemblies for the telecommunications industry. During the 1990s, the company grew significantly, producing complete products for major OEM companies and completing a number of strategic acquisitions. Jure Sola became CEO and Chairman of Sanmina in 1991. The company completed an initial public offering on NASDAQ in 1993.
In December 2001, Sanmina merged with SCI Systems of Huntsville, Alabama, for $6 billion in cash, stock, and debt. Although Sanmina was only half as large as SCI at the time, it was in a better cash position because its core telecommunications business was performing well, whereas SCI's lower-margin businesses such as personal computer manufacturing, were struggling. Shortly after, Sanmina-SCI bought E-M Solutions, a bankrupt Fremont, California electronics manufacturer, for $110 million in cash. Then in early 2002, Sanmina acquired Viking Interworks of Rancho Santa Margarita for $15 million ($10.9 million in cash and 390,000 shares of Sanmina stock worth $10.26 per share at the time).
On November 15, 2012, the company changed its name to Sanmina.
On July 2, 2015, the company announced that it had acquired the CertainSource Technology Group.
In July 2017, the Sanmina Board of Directors unanimously voted to appoint Bob Eulau as the new CEO of the company. Eulau is scheduled to replace co-founder Jure Sola as the CEO effective October 2, 2017. After this change, Sola will be assuming the role of Executive Chairman of the Board and continue to maintain a presence in the company.
In 2015, the San Jose, California-based company had 38,417 employees in over 27 countries on six continents. It serves clients in the fields of communications, computing, multimedia, semiconductors, defense, aerospace, medical applications, and automotive technology. It provides consulting, design, engineering, logistics, new product introduction, assembly, machining, and fabrication, to produce printed circuit boards, backplanes, electrical cables, injection-molded plastics, enclosures and frames, optics.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q4 2022 | 2022-11-07 | Future report Set alerts | |
Q3 2022 | 2022-08-01 | 1.30 | 1.30 |
Q2 2022 | 2022-05-02 | 1.14 | 1.14 |
Q1 2022 | 2022-01-31 | 1.08 | 1.08 |
Q4 2021 | 2021-11-08 | 0.95 | 0.95 |
Q3 2021 | 2021-08-02 | 0.99 | 0.99 |
Q2 2021 | 2021-05-03 | 1.01 | 1.01 |
Q1 2021 | 2021-02-02 | 1.02 | 1.02 |
Q4 2020 | 2020-10-26 | 0.00 | 0.00 |
Q3 2020 | 2020-07-29 | 0.86 | 0.64 |
2016-06-07 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-06-02 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-05-31 | Reiterated Rating | Needham & Company LLC | Buy | $27.00 to $32.00 |
2016-05-28 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-05-23 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-05-01 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-04-26 | Boost Price Target | RBC Capital | Sector Perform | $22.00 to $25.00 |
2016-04-26 | Reiterated Rating | B. Riley | Buy | $26.00 to $29.00 |
2016-04-26 | Boost Price Target | Royal Bank Of Canada | Sector Perform | $22.00 to $25.00 |
2016-02-24 | Reiterated Rating | Needham & Company LLC | Buy | $27.00 |
2016-01-31 | Reiterated Rating | B. Riley | Buy | $26.00 |
2016-01-26 | Boost Price Target | RBC Capital | Sector Perform | $18.00 to $19.00 |
2016-01-26 | Reiterated Rating | Needham & Company LLC | Buy | $27.00 |
2016-01-26 | Upgrade | Citigroup Inc. | Sell to Neutral | |
2016-01-26 | Reiterated Rating | B. Riley | Buy | $26.00 |
2016-01-20 | Upgrade | RBC Capital | Underperform to Sector Perform | $18.00 |
2015-12-08 | Initiated Coverage | B. Riley | Buy | $26.00 |
2015-12-03 | Initiated Coverage | Canaccord Genuity | Buy | $26.00 |
2015-12-03 | Initiated Coverage | B. Riley | Buy | $26.00 |
2015-11-04 | Boost Price Target | Argus | Buy | $28.00 to $33.00 |
2015-11-03 | Boost Price Target | Needham & Company LLC | Underperform to Buy | $25.00 to $27.00 |
2015-11-03 | Boost Price Target | RBC Capital | Underperform | $16.00 to $18.00 |
2015-10-23 | Downgrade | Citigroup Inc. | Neutral to Sell | $19.00 |
2015-10-22 | Downgrade | Goldman Sachs | Neutral to Sell | $22.97 to $20.00 |
2015-10-22 | Downgrade | Goldman Sachs Group Inc. | Neutral to Sell | $22.97 to $20.00 |
2015-08-03 | Downgrade | Goldman Sachs | Buy to Neutral | $23.00 |
2015-07-21 | Boost Price Target | Citigroup Inc. | Neutral | $21.00 to $23.00 |
2015-07-21 | Reiterated Rating | Needham & Company LLC | Buy | $25.00 |
2015-07-21 | Upgrade | Longbow Research | Underperform to Neutral | |
2015-04-21 | Lower Price Target | Citigroup Inc. | Neutral | $25.00 to $21.00 |
2015-04-14 | Downgrade | Longbow Research | Neutral to Underperform | $18.50 |
2015-03-13 | Upgrade | Goldman Sachs | Neutral to Buy | $23.00 to $26.00 |
2014-10-28 | Reiterated Rating | Citigroup Inc. | Neutral | $23.00 to $25.00 |
2014-10-20 | Upgrade | Goldman Sachs | Sell to Neutral | |
2014-07-22 | Reiterated | Needham | Buy | $24 to $27 |
2014-07-22 | Boost Price Target | Argus | Buy | $25.00 to $28.00 |
2014-07-22 | Boost Price Target | Evercore ISI | Hold to Average | $0.92 to $2.15 |
2014-07-22 | Reiterated Rating | Citigroup Inc. | Neutral | $20.00 to $23.00 |
2014-07-22 | Boost Price Target | Needham & Company LLC | Buy | $24.00 to $27.00 |
2014-07-22 | Upgrade | Deutsche Bank | Sell to Hold | $15.00 to $24.00 |
2014-07-22 | Boost Price Target | RBC Capital | Underperform | $10.00 to $11.00 |
2014-07-22 | Upgrade | Deutsche Bank AG | Sell to Hold | $15.00 to $24.00 |
2014-05-07 | Boost Price Target | Needham & Company LLC | Buy | $22.00 to $24.00 |
2014-04-23 | Reiterated | Needham | Buy | $19 to $22 |
2014-04-23 | Reiterated Rating | Citigroup Inc. | Hold | $20.00 |
2014-04-23 | Boost Price Target | Needham & Company LLC | Buy | $19.00 to $22.00 |
2014-04-23 | Upgrade | Craig Hallum | Hold to Buy | $17.00 to $24.00 |
2014-04-23 | Reiterated Rating | Bank of America | Neutral | $20.00 |
2014-04-23 | Boost Price Target | RBC Capital | Underperform | $9.00 to $10.00 |
2014-02-24 | Upgrade | Ned Davis Research | Neutral to Buy | |
2014-02-11 | Upgrade | Needham & Company LLC | Buy | |
2014-01-28 | Upgrade | Needham | Hold to Buy | $19 |
2014-01-28 | Upgrade | Needham & Company LLC | Hold to Buy | $14.80 to $19.00 |
2014-01-28 | Upgrade | Raymond James | Underperform to Market Perform | |
2014-01-13 | Downgrade | Raymond James | Market Perform to Underperform | |
2013-10-29 | Boost Price Target | RBC Capital | Underperform | $8.00 to $9.00 |
2013-10-29 | Upgrade | Cross Research | Hold to Buy | |
2013-10-29 | Downgrade | Craig Hallum | Buy to Hold | |
2013-10-29 | Downgrade | Needham & Company LLC | Buy to Hold | |
2013-10-02 | Initiated Coverage | Goldman Sachs | Sell | $15.50 |
2012-03-05 | Reiterated | Needham | Buy | $12 to $14 |
2011-05-02 | Upgrade | Argus | Hold to Buy | $15 |
2010-11-02 | Downgrade | Collins Stewart | Buy to Hold | $14 |
2010-05-07 | Upgrade | Collins Stewart | Hold to Buy | $20 |
2010-04-27 | Upgrade | Needham | Hold to Buy | $23 |
2010-04-27 | Reiterated | RBC Capital Mkts | Sector Perform | $16 to $21 |
2010-03-11 | Initiated | Collins Stewart | Hold | |
2010-01-27 | Reiterated | Credit Suisse | Neutral | $8 to $16 |
2016-06-07 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-06-02 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-05-31 | Reiterated Rating | Needham & Company LLC | Buy | $27.00 to $32.00 |
2016-05-28 | Reiterated Rating | B. Riley | Buy | $29.00 |
2016-05-23 | Reiterated Rating | B. Riley | Buy | $29.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SANM 236 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 9.67M |
Vanguard Group, Inc | 6.60M |
BlackRock Fund Advisors | 5.99M |
DIMENSIONAL FUND ADVISORS LP | 4.68M |
EARNEST PARTNERS LLC | 3.71M |
BlackRock Institutional Trust Company, N.A. | 2.41M |
STATE STREET CORP | 2.33M |
LSV ASSET MANAGEMENT | 2.12M |
FULLER & THALER ASSET MANAGEMENT, INC. | 2.01M |
GEODE CAPITAL MANAGEMENT, LLC | 1.22M |
CHUBB CORP | 1.06M |
BANK OF AMERICA CORP /DE/ | 1.02M |
NORTHERN TRUST CORP | 0.84M |
GOLDMAN SACHS GROUP INC | 0.81M |
DIAMOND HILL CAPITAL MANAGEMENT INC | 0.76M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
SOLA JURE Chairman and CEO | 0.76% (629276) | SANM / |
EULAU ROBERT K Executive VP, CFO | 0.47% (388256) | SANM / |
PILLAI HARI President and COO | 0.31% (253639) | SANM / |
SAPP A EUGENE JR | 0.15% (128076) | SANM / |
WARD JACKIE M | 0.14% (116298) | FLO / SANM / SYY / |
SHORTRIDGE WAYNE | 0.10% (79335) | SANM / |
YOUNG DENNIS Exec VP Worldwide Sales | 0.08% (68194) | SANM / |
ROSATI MARIO M | 0.07% (60518) | AEHR / SANM / |
Tyler Michael R Exec VP, General Counsel | 0.07% (59300) | JEC / SANM / |
ANDERSON DAVID ROBERT SVP & Corp. Controller | 0.07% (58782) | SANM / |
DELANEY EUGENE A | 0.07% (57397) | SANM / |
CLARKE MICHAEL JOSEPH | 0.07% (57395) | NTK / SANM / |
Licata Joseph G Jr | 0.07% (55239) | SANM / |
Kostalnick Charles II EVP & Chief Business Officer | 0.06% (47500) | ARW / SANM / |
Goldsberry John | 0.05% (40786) | SANM / |
REID ALAN McWILLIAMS Exec VP, Global Human Resource | 0.04% (36052) | SANM / |
MANAS JEAN | 0.04% (35647) | SANM / |
PULATIE DAVID L Exec VP, Human Resources | 0.04% (35000) | SANM / |
Lane Rita S. | 0.03% (24239) | SANM / |
Schull Todd B SVP & Controller | 0.03% (22500) | SANM / TTMI / |
BONKE NEIL R | 0.01% (7812) | SANM / |
DeLaney William J III | 0.01% (7527) | ESRX / SANM / SYY / |