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SANM $62.12

SANM target price
62.12
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Sanmina
Type
Public
Traded as NASDAQ: SANM
S&P 600 Component
Industry Electronics Manufacturing Services
Founded 1980; 37 years ago (1980)
Founder Jure Sola
Headquarters San Jose, California, United States
Key people
Jure Sola, chairman; Bob Eulau, chief executive and chief financial officer
Revenue US$6.481 billion (2016)
Number of employees
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.

Q reports

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

Ratings

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

Major Shareholders

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 /