Sanmina Corp. (NASDAQ:SANM) Director Jackie M. Ward sold 19,387 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $31.70, for a total value of $614,567.90. Following the completion of the sale, the director now owns 173,846 shares of the company’s stock, valued at $5,510,918.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sanmina Corp. (NASDAQ:SANM) traded up 0.16% during trading on Tuesday, hitting $31.75. The stock had a trading volume of 704,438 shares. Sanmina Corp. has a 52 week low of $16.31 and a 52 week high of $32.10. The stock has a market capitalization of $2.34 billion, a P/E ratio of 13.34 and a beta of 1.18. The company has a 50-day moving average of $29.08 and a 200-day moving average of $27.42.

Sanmina Corp. (NASDAQ:SANM) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Sanmina Corp. had a return on equity of 11.73% and a net margin of 2.90%. The business earned $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $0.57 earnings per share. Sanmina Corp.’s revenue was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Sanmina Corp. will post $2.74 earnings per share for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in the stock. LSV Asset Management raised its position in shares of Sanmina Corp. by 51.8% in the second quarter. LSV Asset Management now owns 2,927,800 shares of the company’s stock valued at $78,494,000 after buying an additional 998,902 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Sanmina Corp. during the third quarter valued at $15,912,000. Emerald Acquisition Ltd. purchased a new position in shares of Sanmina Corp. during the second quarter valued at $14,722,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Sanmina Corp. by 22.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,515,791 shares of the company’s stock valued at $67,448,000 after buying an additional 463,727 shares during the period. Finally, Artemis Investment Management LLP raised its position in shares of Sanmina Corp. by 109.4% in the second quarter. Artemis Investment Management LLP now owns 809,290 shares of the company’s stock valued at $21,693,000 after buying an additional 422,890 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on SANM shares. Cross Research downgraded Sanmina Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Needham & Company LLC lifted their price objective on Sanmina Corp. from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Zacks Investment Research raised Sanmina Corp. from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Craig Hallum cut Sanmina Corp. from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Tuesday, July 26th. Finally, Argus reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Sanmina Corp. in a report on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.38.

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About Sanmina Corp.

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries.

5 Day Chart for NASDAQ:SANM

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