Shares of Sanmina Corp (NASDAQ:SANM) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.67.
Several research firms have recently commented on SANM. ValuEngine cut Sanmina from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Argus cut Sanmina from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. BidaskClub cut Sanmina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. TheStreet cut Sanmina from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Finally, Bank of America cut Sanmina from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st.
In other news, Director Wayne Shortridge sold 5,000 shares of Sanmina stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $27.01, for a total value of $135,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brent Billinger bought 1,500 shares of the stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $26.33 per share, with a total value of $39,495.00. Following the completion of the purchase, the senior vice president now directly owns 18,004 shares in the company, valued at approximately $474,045.32. The disclosure for this purchase can be found here. 5.12% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its position in shares of Sanmina by 3.3% in the 2nd quarter. Stifel Financial Corp now owns 7,658 shares of the electronics maker’s stock worth $291,000 after purchasing an additional 246 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Sanmina by 12.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,369 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 938 shares during the last quarter. Alpha Windward LLC boosted its position in shares of Sanmina by 13.2% in the 4th quarter. Alpha Windward LLC now owns 14,940 shares of the electronics maker’s stock worth $493,000 after purchasing an additional 1,740 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in shares of Sanmina by 0.9% in the 3rd quarter. Rothschild Asset Management Inc. now owns 204,962 shares of the electronics maker’s stock worth $7,614,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Personal Capital Advisors Corp boosted its position in shares of Sanmina by 2.8% in the 3rd quarter. Personal Capital Advisors Corp now owns 73,803 shares of the electronics maker’s stock worth $2,742,000 after purchasing an additional 1,992 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.
Sanmina (NASDAQ SANM) traded up $1.00 during mid-day trading on Friday, reaching $27.75. The company had a trading volume of 994,200 shares, compared to its average volume of 1,068,567. Sanmina has a 12-month low of $24.60 and a 12-month high of $42.95. The firm has a market cap of $1,905.83, a PE ratio of -29.21, a price-to-earnings-growth ratio of 1.30 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.60 and a quick ratio of 0.95.
Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm posted $0.75 EPS. The business’s revenue was up 1.5% on a year-over-year basis. equities research analysts forecast that Sanmina will post 1.72 earnings per share for the current year.
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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