Sanmina Corporation (NASDAQ:SANM) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $43.25.

A number of analysts have recently commented on SANM shares. Royal Bank Of Canada dropped their target price on shares of Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 25th. ValuEngine upgraded shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research cut shares of Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a report on Tuesday, April 25th. Finally, Bank of America Corporation restated a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a report on Thursday, June 15th.

WARNING: “Sanmina Corporation (NASDAQ:SANM) Receives Consensus Rating of “Hold” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/08/sanmina-corporation-nasdaqsanm-receives-consensus-rating-of-hold-from-brokerages.html.

Sanmina Corporation (NASDAQ SANM) traded up 0.28% on Tuesday, reaching $35.95. 90,630 shares of the company’s stock traded hands. Sanmina Corporation has a 12 month low of $25.60 and a 12 month high of $42.95. The firm’s 50 day moving average price is $38.68 and its 200 day moving average price is $38.59. The company has a market cap of $2.71 billion, a PE ratio of 13.13 and a beta of 0.78.

Sanmina Corporation (NASDAQ:SANM) last announced its earnings results on Monday, July 24th. The electronics maker reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.01. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Sanmina Corporation will post $3.01 EPS for the current fiscal year.

In related news, VP Robert K. Eulau sold 10,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $37.97, for a total value of $379,700.00. Following the transaction, the vice president now owns 210,000 shares in the company, valued at approximately $7,973,700. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.96% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Sanmina Corporation by 20,899.1% in the first quarter. BlackRock Inc. now owns 11,067,786 shares of the electronics maker’s stock worth $449,352,000 after buying an additional 11,015,080 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sanmina Corporation by 8.2% in the first quarter. Vanguard Group Inc. now owns 7,218,202 shares of the electronics maker’s stock worth $293,059,000 after buying an additional 548,729 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sanmina Corporation by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,281,827 shares of the electronics maker’s stock worth $255,042,000 after buying an additional 35,365 shares during the last quarter. LSV Asset Management boosted its position in shares of Sanmina Corporation by 2.4% in the first quarter. LSV Asset Management now owns 3,640,189 shares of the electronics maker’s stock worth $147,791,000 after buying an additional 86,294 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Sanmina Corporation by 1.9% in the first quarter. State Street Corp now owns 1,873,742 shares of the electronics maker’s stock worth $76,073,000 after buying an additional 35,137 shares during the last quarter. Institutional investors own 94.35% 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.

Analyst Recommendations for Sanmina Corporation (NASDAQ:SANM)

Receive News & Ratings for Sanmina Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina Corporation and related companies with MarketBeat.com's FREE daily email newsletter.