Sanmina Corp (NASDAQ:SANM) CFO David Robert Anderson sold 14,595 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $26.02, for a total value of $379,761.90. Following the transaction, the chief financial officer now owns 39,000 shares in the company, valued at approximately $1,014,780. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NASDAQ SANM opened at $26.27 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 0.01. Sanmina Corp has a 52 week low of $22.62 and a 52 week high of $35.55. The firm has a market capitalization of $1.79 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.79 and a beta of 0.71.
Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, October 29th. The electronics maker reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Sanmina had a positive return on equity of 10.25% and a negative net margin of 1.28%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the business earned $0.64 earnings per share. Sanmina’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Sanmina Corp will post 2.76 EPS for the current year.
Several research analysts have weighed in on SANM shares. Citigroup increased their price objective on Sanmina from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research cut Sanmina from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. BidaskClub cut Sanmina from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. Finally, ValuEngine cut Sanmina from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.75.
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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