Sanmina Co. (NASDAQ:SANM) has received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.67.
SANM has been the subject of a number of research reports. Needham & Company LLC lowered their price objective on Sanmina to $33.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. TheStreet lowered Sanmina from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Royal Bank of Canada lowered their price objective on Sanmina to $31.00 and set a “sector perform” rating for the company in a research report on Monday, January 22nd. BidaskClub lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Craig Hallum reiterated a “buy” rating and issued a $37.00 price objective (down from $44.00) on shares of Sanmina in a research report on Tuesday, January 23rd.
In other Sanmina news, Director Joseph G. Licata, Jr. sold 18,444 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $27.49, for a total transaction of $507,025.56. Following the transaction, the director now owns 48,787 shares in the company, valued at $1,341,154.63. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Brent Billinger acquired 1,500 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $26.33 per share, for a total transaction of $39,495.00. Following the acquisition, the senior vice president now directly owns 18,004 shares in the company, valued at $474,045.32. The disclosure for this purchase can be found here. 5.12% of the stock is currently owned by company insiders.
Shares of SANM stock traded down $0.70 during mid-day trading on Wednesday, reaching $26.10. The company had a trading volume of 548,840 shares, compared to its average volume of 681,389. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 1.60. The firm has a market capitalization of $1,909.40, a price-to-earnings ratio of -27.47, a price-to-earnings-growth ratio of 1.30 and a beta of 0.63. Sanmina has a 1 year low of $24.60 and a 1 year high of $42.95.
Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 29th. The electronics maker reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. analysts expect that Sanmina will post 1.72 EPS for the current year.
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Sanmina Company Profile
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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