Sanmina Corp (NASDAQ:SANM) Director John Goldsberry Sells 11,850 Shares

Sanmina Corp (NASDAQ:SANM) Director John Goldsberry sold 11,850 shares of Sanmina stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.22, for a total transaction of $381,807.00. Following the completion of the transaction, the director now owns 27,045 shares in the company, valued at $871,389.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Sanmina stock traded up $0.27 on Wednesday, reaching $32.77. 27,667 shares of the stock were exchanged, compared to its average volume of 414,096. Sanmina Corp has a 1-year low of $22.30 and a 1-year high of $34.71. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $31.37 and a two-hundred day moving average price of $30.47. The firm has a market capitalization of $2.25 billion, a PE ratio of 10.71, a PEG ratio of 0.96 and a beta of 1.30.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, October 28th. The electronics maker reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Sanmina had a net margin of 1.72% and a return on equity of 14.09%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Research analysts expect that Sanmina Corp will post 2.79 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Sanmina by 1.8% during the second quarter. State of Alaska Department of Revenue now owns 23,490 shares of the electronics maker’s stock worth $711,000 after acquiring an additional 426 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Sanmina by 2.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 20,470 shares of the electronics maker’s stock worth $620,000 after buying an additional 460 shares during the period. Texas Permanent School Fund grew its position in Sanmina by 1.2% during the third quarter. Texas Permanent School Fund now owns 47,371 shares of the electronics maker’s stock worth $1,521,000 after buying an additional 539 shares during the period. Mason Street Advisors LLC grew its position in Sanmina by 2.6% during the third quarter. Mason Street Advisors LLC now owns 23,632 shares of the electronics maker’s stock worth $759,000 after buying an additional 598 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sanmina by 18.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,250 shares of the electronics maker’s stock worth $136,000 after buying an additional 665 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. ValuEngine lowered shares of Sanmina from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet lowered shares of Sanmina from a “b” rating to a “c+” rating in a research note on Monday, October 28th. Zacks Investment Research lowered shares of Sanmina from a “hold” rating to a “sell” rating in a research note on Tuesday, September 17th. Finally, Citigroup dropped their price objective on shares of Sanmina from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.00.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, 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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Insider Buying and Selling by Quarter for Sanmina (NASDAQ:SANM)

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