Sanmina Corporation (NASDAQ:SANM) VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the transaction, the vice president now owns 200,000 shares in the company, valued at approximately $7,680,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Sanmina Corporation (NASDAQ SANM) opened at 38.20 on Monday. Sanmina Corporation has a 52 week low of $23.50 and a 52 week high of $41.25. The stock has a 50 day moving average price of $37.60 and a 200 day moving average price of $38.13. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 14.34 and a beta of 0.79.
Sanmina Corporation (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 24th. The electronics maker reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.06. Sanmina Corporation had a return on equity of 11.81% and a net margin of 3.07%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Sanmina Corporation will post $3.05 earnings per share for the current year.
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Several brokerages have recently issued reports on SANM. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $42.00 price target (up previously from $39.00) on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a research note on Thursday, June 15th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $39.71.
Large investors have recently modified their holdings of the company. LS Investment Advisors LLC increased its stake in shares of Sanmina Corporation by 5.5% in the first quarter. LS Investment Advisors LLC now owns 3,360 shares of the electronics maker’s stock worth $136,000 after buying an additional 176 shares during the period. Trexquant Investment LP acquired a new stake in shares of Sanmina Corporation during the fourth quarter worth about $204,000. Everence Capital Management Inc. acquired a new stake in shares of Sanmina Corporation during the first quarter worth about $209,000. Menta Capital LLC acquired a new stake in shares of Sanmina Corporation during the first quarter worth about $219,000. Finally, Affinity Investment Advisors LLC acquired a new stake in shares of Sanmina Corporation during the first quarter worth about $250,000. Institutional investors own 94.15% of the company’s stock.
About Sanmina Corporation
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.
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