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.
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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