Sanmina (SANM) Rating Reiterated by Craig Hallum

Sanmina (NASDAQ:SANM)‘s stock had its “buy” rating reiterated by investment analysts at Craig Hallum in a report released on Tuesday, The Fly reports. They presently have a $37.00 target price on the electronics maker’s stock, down from their prior target price of $44.00. Craig Hallum’s price objective would suggest a potential upside of 36.53% from the company’s previous close.

SANM has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Sanmina from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. BidaskClub lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Sanmina in a research note on Wednesday, October 4th. Argus lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Bank of America downgraded shares of Sanmina from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.25.

Sanmina (NASDAQ:SANM) opened at $27.10 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.97 and a current ratio of 1.62. Sanmina has a 52 week low of $26.65 and a 52 week high of $42.95. The stock has a market cap of $1,950.00, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, October 30th. The electronics maker reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.12). The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Sanmina had a return on equity of 12.27% and a net margin of 2.02%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. equities research analysts expect that Sanmina will post 3 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lingohr & Partner Asset Management GmbH boosted its holdings in Sanmina by 21.3% during the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 39,900 shares of the electronics maker’s stock worth $1,317,000 after buying an additional 7,000 shares in the last quarter. Alpha Windward LLC boosted its holdings in Sanmina by 13.2% during the fourth quarter. Alpha Windward LLC now owns 14,940 shares of the electronics maker’s stock worth $493,000 after buying an additional 1,740 shares in the last quarter. AXA boosted its holdings in Sanmina by 10.9% during the third quarter. AXA now owns 199,900 shares of the electronics maker’s stock worth $7,426,000 after buying an additional 19,700 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Sanmina during the third quarter worth $369,000. Finally, California Public Employees Retirement System boosted its holdings in Sanmina by 1.6% during the third quarter. California Public Employees Retirement System now owns 280,755 shares of the electronics maker’s stock worth $10,430,000 after buying an additional 4,545 shares in the last quarter. 92.49% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/23/sanmina-sanm-rating-reiterated-by-craig-hallum.html.

Sanmina Company Profile

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.

The Fly

Analyst Recommendations for Sanmina (NASDAQ:SANM)

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

Leave a Reply