Sanmina Corp (SANM) SVP Buys $39,495.00 in Stock

Sanmina Corp (NASDAQ:SANM) SVP Brent Billinger purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $26.33 per share, with a total value of $39,495.00. Following the completion of the acquisition, the senior vice president now directly owns 18,004 shares of the company’s stock, valued at $474,045.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Sanmina Corp (SANM) traded up $0.20 during trading hours on Tuesday, reaching $25.75. The company’s stock had a trading volume of 1,724,740 shares, compared to its average volume of 1,196,718. The company has a market cap of $1,820.00, a PE ratio of -26.82, a P/E/G ratio of 1.30 and a beta of 0.70. Sanmina Corp has a 12-month low of $24.60 and a 12-month high of $42.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.60 and a quick ratio of 0.95.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 29th. The electronics maker reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. sell-side analysts expect that Sanmina Corp will post 1.72 EPS for the current fiscal year.

A number of research firms recently issued reports on SANM. ValuEngine cut Sanmina from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut Sanmina from a “hold” rating to a “strong sell” rating in a report on Friday. TheStreet cut Sanmina from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Craig Hallum reaffirmed a “buy” rating and issued a $37.00 price target (down from $44.00) on shares of Sanmina in a report on Tuesday, January 23rd. Finally, Argus cut Sanmina from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Sanmina presently has an average rating of “Hold” and an average price target of $37.25.

Large investors have recently made changes to their positions in the business. State Street Corp raised its holdings in Sanmina by 3.6% during the 2nd quarter. State Street Corp now owns 1,941,595 shares of the electronics maker’s stock worth $73,977,000 after purchasing an additional 67,853 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Sanmina by 4.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 453,227 shares of the electronics maker’s stock worth $16,838,000 after purchasing an additional 19,892 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Sanmina during the 2nd quarter worth about $625,000. Royce & Associates LP raised its holdings in Sanmina by 55.5% during the 3rd quarter. Royce & Associates LP now owns 781,567 shares of the electronics maker’s stock worth $29,035,000 after purchasing an additional 278,944 shares during the last quarter. Finally, Delphi Management Inc. MA raised its holdings in Sanmina by 5.9% during the 2nd quarter. Delphi Management Inc. MA now owns 66,377 shares of the electronics maker’s stock worth $2,529,000 after purchasing an additional 3,677 shares during the last quarter. 91.21% of the stock is owned by hedge funds and other institutional investors.

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About Sanmina

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 (NASDAQ:SANM)

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