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.

COPYRIGHT VIOLATION NOTICE: “Sanmina Corporation (SANM) VP Robert K. Eulau Sells 10,000 Shares” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/07/sanmina-corporation-sanm-vp-robert-k-eulau-sells-10000-shares.html.

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.

Insider Buying and Selling by Quarter 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.