Shares of Sanmina Co. (NASDAQ:SANM) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.67.
SANM has been the subject of a number of research reports. Needham & Company LLC reduced their target price on shares of Sanmina to $33.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. TheStreet cut shares of Sanmina from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Royal Bank of Canada reduced their target price on shares of Sanmina to $31.00 and set a “sector perform” rating for the company in a report on Monday, January 22nd. BidaskClub cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $37.00 target price (down from $44.00) on shares of Sanmina in a report on Tuesday, January 23rd.
In other news, Director Wayne Shortridge sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $27.01, for a total transaction of $135,050.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brent Billinger purchased 1,500 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $26.33 per share, for a total transaction of $39,495.00. Following the completion of the purchase, the senior vice president now owns 18,004 shares of the company’s stock, valued at $474,045.32. The disclosure for this purchase can be found here. Insiders own 5.12% of the company’s stock.
Several institutional investors have recently modified their holdings of SANM. Swiss National Bank increased its stake in shares of Sanmina by 2.2% during the third quarter. Swiss National Bank now owns 126,400 shares of the electronics maker’s stock worth $4,696,000 after acquiring an additional 2,700 shares during the period. New York State Common Retirement Fund increased its stake in shares of Sanmina by 0.6% during the third quarter. New York State Common Retirement Fund now owns 451,272 shares of the electronics maker’s stock worth $16,765,000 after acquiring an additional 2,800 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Sanmina by 62.8% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 58,915 shares of the electronics maker’s stock worth $2,189,000 after acquiring an additional 22,730 shares during the period. Rhumbline Advisers increased its stake in shares of Sanmina by 1.8% during the third quarter. Rhumbline Advisers now owns 162,096 shares of the electronics maker’s stock worth $6,022,000 after acquiring an additional 2,847 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Sanmina by 516.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 111,642 shares of the electronics maker’s stock worth $4,064,000 after acquiring an additional 93,531 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.
Shares of SANM stock opened at $27.70 on Wednesday. Sanmina has a 1-year low of $24.60 and a 1-year high of $42.95. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $1,998.45, a PE ratio of -29.16, a PEG ratio of 1.36 and a beta of 0.63.
Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, January 29th. The electronics maker reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. sell-side analysts anticipate that Sanmina will post 1.72 EPS for the current fiscal year.
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Sanmina Company Profile
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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