Shares of Sanmina Corp (NASDAQ:SANM) have been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $33.00.
Several research analysts have commented on the stock. BidaskClub upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. ValuEngine cut shares of Sanmina from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Citigroup lowered their target price on shares of Sanmina from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. TheStreet cut shares of Sanmina from a “b” rating to a “c+” rating in a report on Monday, October 28th. Finally, Zacks Investment Research cut shares of Sanmina from a “hold” rating to a “sell” rating in a report on Tuesday, September 17th.
NASDAQ SANM opened at $32.62 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. Sanmina has a 52 week low of $22.30 and a 52 week high of $34.71. The stock has a market capitalization of $2.25 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.30. The firm has a 50 day moving average of $31.39 and a two-hundred day moving average of $30.50.
In other news, Director John Goldsberry sold 11,850 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.22, for a total value of $381,807.00. Following the completion of the transaction, the director now owns 27,045 shares in the company, valued at approximately $871,389.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Jure Sola sold 134,489 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $32.37, for a total transaction of $4,353,408.93. Following the completion of the transaction, the chairman now owns 932,639 shares of the company’s stock, valued at approximately $30,189,524.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 199,536 shares of company stock valued at $6,466,778. Company insiders own 5.55% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Sanmina by 4.4% during the 2nd quarter. BlackRock Inc. now owns 11,043,399 shares of the electronics maker’s stock worth $334,393,000 after purchasing an additional 467,702 shares during the period. Vanguard Group Inc. boosted its stake in Sanmina by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 7,026,150 shares of the electronics maker’s stock worth $212,753,000 after purchasing an additional 44,305 shares during the period. Earnest Partners LLC boosted its stake in Sanmina by 1.2% during the 2nd quarter. Earnest Partners LLC now owns 3,034,468 shares of the electronics maker’s stock worth $91,884,000 after purchasing an additional 36,179 shares during the period. Nuveen Asset Management LLC acquired a new stake in Sanmina during the 2nd quarter worth $38,749,000. Finally, Renaissance Technologies LLC boosted its stake in Sanmina by 13.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,088,341 shares of the electronics maker’s stock worth $32,955,000 after purchasing an additional 126,800 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.
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.
Recommended Story: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.