Sanmina Corp (NASDAQ:SANM) VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $39.98, for a total transaction of $399,800.00. Following the transaction, the vice president now directly owns 191,176 shares of the company’s stock, valued at approximately $7,643,216.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Sanmina Corp (NASDAQ:SANM) traded down 2.190% during trading on Friday, reaching $39.075. 193,902 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.790 and a beta of 1.18. The stock has a 50 day moving average price of $39.63 and a 200-day moving average price of $35.55. Sanmina Corp has a 52 week low of $21.66 and a 52 week high of $41.25.
Sanmina Corp (NASDAQ:SANM) last posted its earnings results on Monday, January 30th. The electronics maker reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Sanmina Corp had a return on equity of 11.57% and a net margin of 3.08%. The firm earned $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts predict that Sanmina Corp will post $2.97 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of the company. Elkfork Partners LLC bought a new stake in Sanmina Corp during the fourth quarter valued at $115,000. BlackRock Japan Co. Ltd raised its position in shares of Sanmina Corp by 6.3% in the third quarter. BlackRock Japan Co. Ltd now owns 3,783 shares of the electronics maker’s stock worth $108,000 after buying an additional 224 shares during the period. Crow Point Partners LLC acquired a new position in shares of Sanmina Corp during the third quarter worth approximately $141,000. Everence Capital Management Inc. acquired a new position in shares of Sanmina Corp during the first quarter worth approximately $209,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Sanmina Corp by 266.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,500 shares of the electronics maker’s stock worth $157,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.
SANM has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Sanmina Corp from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $45.00 price target (up previously from $36.00) on shares of Sanmina Corp in a research report on Tuesday, January 31st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of Sanmina Corp in a research report on Tuesday, January 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Sanmina Corp currently has an average rating of “Hold” and an average target price of $37.83.
About Sanmina Corp
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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