Sanmina Corporation (NASDAQ:SANM) VP Robert K. Eulau sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $36.95, for a total value of $369,500.00. Following the completion of the transaction, the vice president now directly owns 190,000 shares of the company’s stock, valued at approximately $7,020,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Sanmina Corporation (NASDAQ SANM) traded up 0.82% during trading on Wednesday, hitting $36.75. The stock had a trading volume of 297,460 shares. The stock’s 50-day moving average is $38.04 and its 200-day moving average is $38.59. Sanmina Corporation has a 12-month low of $26.00 and a 12-month high of $42.95. The stock has a market capitalization of $2.77 billion, a P/E ratio of 13.42 and a beta of 0.78.

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

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A number of equities analysts have recently issued reports on SANM shares. Bank of America Corporation reissued a “buy” rating and issued a $48.00 target price on shares of Sanmina Corporation in a report on Thursday, June 15th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Sanmina Corporation in a report on Tuesday, April 25th. ValuEngine raised Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada dropped their target price on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.80.

Several large investors have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its stake in shares of Sanmina Corporation by 4.1% in the second quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after buying an additional 138 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Sanmina Corporation by 70.7% in the second quarter. Riverhead Capital Management LLC now owns 3,927 shares of the electronics maker’s stock valued at $150,000 after buying an additional 1,627 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Sanmina Corporation during the second quarter valued at about $203,000. Nisa Investment Advisors LLC boosted its stake in shares of Sanmina Corporation by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after buying an additional 200 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Sanmina Corporation during the first quarter valued at about $209,000. Institutional investors and hedge funds own 94.91% 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.

Insider Buying and Selling by Quarter for Sanmina Corporation (NASDAQ:SANM)

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