Sanmina Corporation (NASDAQ:SANM) opened at 40.25 on Monday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 15.23 and a beta of 1.18. Sanmina Corporation has a 52 week low of $19.13 and a 52 week high of $41.15. The firm has a 50-day moving average price of $37.09 and a 200-day moving average price of $31.06.
Sanmina Corporation (NASDAQ:SANM) EVP Alan Mcwilliams Reid sold 10,833 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $40.04, for a total value of $433,753.32. Following the completion of the sale, the executive vice president now directly owns 31,259 shares of the company’s stock, valued at $1,251,610.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sanmina Corporation (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. Sanmina Corporation had a net margin of 3.08% and a return on equity of 11.57%. The company earned $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that Sanmina Corporation will post $2.97 EPS for the current year.
Several analysts recently weighed in on SANM shares. B. Riley reissued a “buy” rating and issued a $31.00 price objective on shares of Sanmina Corporation in a report on Saturday, November 5th. Needham & Company LLC boosted their price objective on Sanmina Corporation from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Zacks Investment Research raised Sanmina Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, January 3rd. RBC Capital Markets reissued a “hold” rating and issued a $39.00 price objective on shares of Sanmina Corporation in a report on Tuesday, January 31st. Finally, Cross Research lowered Sanmina Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.00.
A number of large investors have recently added to or reduced their stakes in SANM. Mesirow Financial Investment Management Equity Management purchased a new stake in Sanmina Corporation during the third quarter worth about $15,912,000. BlackRock Fund Advisors raised its position in shares of Sanmina Corporation by 8.7% in the third quarter. BlackRock Fund Advisors now owns 5,268,976 shares of the company’s stock worth $150,008,000 after buying an additional 419,915 shares in the last quarter. LSV Asset Management raised its position in shares of Sanmina Corporation by 9.2% in the third quarter. LSV Asset Management now owns 3,198,154 shares of the company’s stock worth $91,051,000 after buying an additional 270,354 shares in the last quarter. Matarin Capital Management LLC bought a new position in shares of Sanmina Corporation during the third quarter worth approximately $7,240,000. Finally, Spark Investment Management LLC bought a new position in shares of Sanmina Corporation during the third quarter worth approximately $5,594,000. Institutional investors own 93.84% of the company’s stock.
Sanmina Corporation 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.