Sanmina Co. (NASDAQ:SANM) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $33.67.
Several equities analysts have weighed in on the company. Citigroup raised Sanmina from a “neutral” rating to a “buy” rating in a research report on Friday, April 13th. BidaskClub raised Sanmina from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. ValuEngine raised Sanmina from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised Sanmina from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Finally, TheStreet downgraded Sanmina from a “b” rating to a “c+” rating in a research report on Monday, January 22nd.
In other Sanmina news, SVP Brent Billinger acquired 1,500 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $26.33 per share, for a total transaction of $39,495.00. Following the completion of the acquisition, the senior vice president now directly owns 18,004 shares of the company’s stock, valued at $474,045.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph G. Licata, Jr. sold 18,444 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.49, for a total value of $507,025.56. Following the sale, the director now owns 48,787 shares in the company, valued at approximately $1,341,154.63. The disclosure for this sale can be found here. 5.12% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of SANM. Earnest Partners LLC boosted its holdings in shares of Sanmina by 65.4% during the fourth quarter. Earnest Partners LLC now owns 2,877,629 shares of the electronics maker’s stock worth $94,962,000 after purchasing an additional 1,138,334 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in shares of Sanmina by 47.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,671,358 shares of the electronics maker’s stock worth $88,155,000 after purchasing an additional 861,239 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Sanmina by 9,868.2% during the fourth quarter. Millennium Management LLC now owns 543,568 shares of the electronics maker’s stock worth $17,938,000 after purchasing an additional 538,115 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Sanmina by 743.1% during the fourth quarter. Renaissance Technologies LLC now owns 412,533 shares of the electronics maker’s stock worth $13,614,000 after purchasing an additional 363,600 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Sanmina by 82.3% during the fourth quarter. Deutsche Bank AG now owns 750,137 shares of the electronics maker’s stock worth $24,751,000 after purchasing an additional 338,558 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.
NASDAQ SANM traded up $0.17 during mid-day trading on Friday, hitting $28.62. The stock had a trading volume of 29,875 shares, compared to its average volume of 839,469. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.60 and a quick ratio of 0.95. The company has a market capitalization of $2,009.14, a P/E ratio of 11.42, a PEG ratio of 1.37 and a beta of 0.62. Sanmina has a 52-week low of $24.60 and a 52-week high of $42.95.
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, hitting the consensus estimate of $0.48. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. Sanmina’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. research analysts expect that Sanmina will post 1.72 earnings per share for the current fiscal year.
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Sanmina Company Profile
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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