Last $23.84 USD
Change Today +0.22 / 0.93%
Volume 339.0K
SANM On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

sanmina corp (SANM) Snapshot

Open
$23.66
Previous Close
$23.62
Day High
$24.04
Day Low
$23.65
52 Week High
11/6/14 - $26.08
52 Week Low
01/27/14 - $14.76
Market Cap
2.0B
Average Volume 10 Days
765.2K
EPS TTM
$2.43
Shares Outstanding
82.5M
EX-Date
--
P/E TM
9.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for SANMINA CORP (SANM)

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sanmina corp (SANM) Details

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It offers product design and engineering services, including initial development, detailed design, prototyping, validation, preproduction, and manufacturing design; manufacturing of components, subassemblies, and complete systems; final system assembly and test; direct order fulfillment and logistics, and supply chain management services; and after-market product service and support. The company’s components and products comprise printed circuit boards, backplanes and backplane assemblies, cable assemblies, mechanical systems, and optical and radio frequency components and modules. It provides its services primarily to original equipment manufacturers in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, energy and clean technology, and automotive industries. The company was formerly known as Sanmina-SCI Corporation and changed its name to Sanmina Corporation in November 2012. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.

33,733 Employees
Last Reported Date: 11/13/14
Founded in 1980

sanmina corp (SANM) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $876.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $501.3K
Chief Business Officer and Executive Vice Pre...
Total Annual Compensation: $15.4K
Executive Vice President of Global Human Reso...
Total Annual Compensation: $288.8K
Executive Vice President of Worldwide Sales &...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

sanmina corp (SANM) Key Developments

Sanmina Corporation Enters an Amendment to the Loan Agreement

Sanmina Corporation entered into an amendment of the loan agreement between the company and MUFG Union Bank, N.A. dated July 19, 2012. The loan agreement provides for a $40.0 million term loan secured by the company's real property comprising its headquarters campus in San Jose, California. The amendment extends the maturity date of the loan from July 19, 2015 until December 19, 2017. At the company's request and upon approval of the bank, such maturity date may be extended up to two times for a period of one year for each extension. Principal, together with accrued and unpaid interest, is due on the maturity date. The company has the right to prepay loans under the loan agreement in whole or in part at any time without penalty. Amounts prepaid may not be reborrowed. The amendment also provides for a reduction in the interest rate charged for the loan made under the loan agreement from the London interbank offered rate (LIBOR) plus 2.50% to LIBOR plus 1.75%. In the case of prime rate loans made under the loan agreement, the interest rate is reduced from the bank's prime rate plus 1.50% to the bank's prime rate plus 0.75%. Finally, as amended, the loan agreement requires the company comply with a consolidated fixed charge coverage ratio, determined in accordance with the loan agreement, of at least 1.25 to 1.00 in the event of a credit ratings agency downgrade of the company or certain trigger periods relating to liquidity under the company's existing revolving credit facility occur and continue.

Sanmina Seeks Acquisitions

Sanmina Corporation (NasdaqGS:SANM) is seeking acquisitions. Bob Eulau, Chief Financial Officer of Sanmina, said, “We'll continue to look at acquisition opportunities. We probably look seriously at 25 to 30 opportunities a year. We tend to pull the trigger one or two times a year. We did it twice last year; we did it twice the prior year. So I think you're going to see in terms of use of cash, really it's going to be acquisitions that are very synergistic with our articulated strategy, or it will be share repurchase. And, as you know, we've worked very hard to get to where we are today, so we're going to be careful."

Sanmina Corporation Presents at Raymond James Systems, Semiconductors, Software and Supply Chain (S4) Conference, Dec-09-2014 03:00 PM

Sanmina Corporation Presents at Raymond James Systems, Semiconductors, Software and Supply Chain (S4) Conference, Dec-09-2014 03:00 PM. Venue: New York Marriott East Side Hotel, Manhattan, New York, United States.

 

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Industry Analysis

SANM

Industry Average

Valuation SANM Industry Range
Price/Earnings 10.5x
Price/Sales 0.3x
Price/Book 1.6x
Price/Cash Flow 9.9x
TEV/Sales 0.2x
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