Sanmina Co. (SANM) Receives $33.67 Consensus Target Price from Analysts

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.

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION WARNING: “Sanmina Co. (SANM) Receives $33.67 Consensus Target Price from Analysts” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/18/sanmina-co-sanm-receives-33-67-consensus-target-price-from-analysts.html.

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.

Analyst Recommendations for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply