Robert K. Eulau Sells 10,000 Shares of Sanmina Corporation (SANM) Stock

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.

Insider Buying and Selling by Quarter for Sanmina Corporation (NASDAQ:SANM)

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