Sanmina Corporation (SANM) VP Robert K. Eulau Sells 10,000 Shares
Sanmina Corporation (NASDAQ:SANM) VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $37.21, for a total transaction of $372,100.00. Following the transaction, the vice president now owns 180,000 shares in the company, valued at approximately $6,697,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sanmina Corporation (SANM) traded down 0.55% on Thursday, hitting $36.40. 363,861 shares of the stock were exchanged. The stock’s 50 day moving average price is $36.86 and its 200 day moving average price is $38.20. Sanmina Corporation has a 52-week low of $26.30 and a 52-week high of $42.95. The firm has a market cap of $2.74 billion, a PE ratio of 13.29 and a beta of 0.78.
Sanmina Corporation (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. Equities research analysts forecast that Sanmina Corporation will post $3.01 earnings per share for the current year.
A number of research analysts have recently commented on SANM shares. Bank of America Corporation restated a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a report on Thursday, June 15th. Royal Bank Of Canada cut their price target 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. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation 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. Finally, Zacks Investment Research cut shares of Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Sanmina Corporation presently has an average rating of “Buy” and an average target price of $42.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Globeflex Capital L P acquired a new position in Sanmina Corporation in the 1st quarter valued at about $401,000. Comerica Bank grew its position in Sanmina Corporation by 5.8% in the 1st quarter. Comerica Bank now owns 83,320 shares of the electronics maker’s stock valued at $3,212,000 after acquiring an additional 4,539 shares in the last quarter. Wells Fargo & Company MN grew its position in Sanmina Corporation by 2.1% in the 1st quarter. Wells Fargo & Company MN now owns 531,561 shares of the electronics maker’s stock valued at $21,580,000 after acquiring an additional 10,862 shares in the last quarter. Swiss National Bank grew its position in Sanmina Corporation by 1.5% in the 1st quarter. Swiss National Bank now owns 121,600 shares of the electronics maker’s stock valued at $4,937,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Sanmina Corporation by 98.2% in the 1st quarter. Bank of America Corp DE now owns 758,708 shares of the electronics maker’s stock valued at $30,804,000 after acquiring an additional 375,871 shares in the last quarter. 92.78% of the stock is owned by institutional investors.
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.
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