Sanmina Corp (NASDAQ:SANM) SVP Brent Billinger purchased 1,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 18,004 shares of the company’s stock, valued at $474,045.32. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Sanmina Corp (NASDAQ SANM) opened at $26.05 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26. Sanmina Corp has a 1-year low of $24.60 and a 1-year high of $42.95. The company has a market capitalization of $1,852.40, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.26 and a beta of 0.70.
Sanmina (NASDAQ:SANM) last released its earnings results on Monday, January 29th. The electronics maker reported $0.48 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. sell-side analysts anticipate that Sanmina Corp will post 1.72 EPS for the current fiscal year.
Several equities research analysts recently weighed in on SANM shares. Needham & Company LLC dropped their price target on Sanmina to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. TheStreet lowered Sanmina from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Royal Bank of Canada dropped their price target on Sanmina to $31.00 and set a “sector perform” rating on the stock in a research report on Monday, January 22nd. BidaskClub lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Argus lowered Sanmina from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Sanmina has a consensus rating of “Hold” and a consensus target price of $37.25.
A number of institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in Sanmina by 3.3% in the second quarter. Stifel Financial Corp now owns 7,658 shares of the electronics maker’s stock worth $291,000 after acquiring an additional 246 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Sanmina by 12.6% in the second quarter. Cubist Systematic Strategies LLC now owns 8,369 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 938 shares in the last quarter. Alpha Windward LLC boosted its holdings in Sanmina by 13.2% in the fourth quarter. Alpha Windward LLC now owns 14,940 shares of the electronics maker’s stock worth $493,000 after acquiring an additional 1,740 shares in the last quarter. Rothschild Asset Management Inc. boosted its holdings in Sanmina by 0.9% in the third quarter. Rothschild Asset Management Inc. now owns 204,962 shares of the electronics maker’s stock worth $7,614,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Personal Capital Advisors Corp lifted its holdings in shares of Sanmina by 2.8% during the third quarter. Personal Capital Advisors Corp now owns 73,803 shares of the electronics maker’s stock valued at $2,742,000 after purchasing an additional 1,992 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.
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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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