Sanmina Corp SVP Sells $163,350 in Stock (SANM)
Sanmina Corp (NASDAQ:SANM) SVP David Robert Anderson sold 6,875 shares of the stock on the open market in a transaction dated Monday, July 28th. The stock was sold at an average price of $23.76, for a total value of $163,350.00. Following the completion of the transaction, the senior vice president now directly owns 30,621 shares in the company, valued at approximately $727,555. The sale was disclosed in a filing with the SEC, which is available at this link.
SANM has been the subject of a number of recent research reports. Analysts at TheStreet raised their price target on shares of Sanmina Corp from $0.92 to $2.15 in a research note on Friday, July 25th. They now have an “average” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks upgraded shares of Sanmina Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $25.90 price target on the stock. Finally, analysts at Argus raised their price target on shares of Sanmina Corp from $25.00 to $28.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Sanmina Corp currently has a consensus rating of “Hold” and an average price target of $18.43.
Shares of Sanmina Corp (NASDAQ:SANM) traded up 0.34% during mid-day trading on Wednesday, hitting $23.72. 514,069 shares of the company’s stock traded hands. Sanmina Corp has a 52-week low of $14.02 and a 52-week high of $25.25. The stock’s 50-day moving average is $22.70 and its 200-day moving average is $19.28. The company has a market cap of $1.960 billion and a price-to-earnings ratio of 19.78.
Sanmina Corp (NASDAQ:SANM) last released its earnings data on Monday, July 21st. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company posted $0.40 earnings per share. Sanmina Corp’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Sanmina Corp will post $1.91 earnings per share for the current fiscal year.
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services.
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