Sanmina Corp. (NASDAQ:SANM) Chairman Jure Sola sold 71,416 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $31.56, for a total value of $2,253,888.96. Following the completion of the sale, the chairman now owns 433,008 shares of the company’s stock, valued at approximately $13,665,732.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sanmina Corp. (NASDAQ:SANM) opened at 31.70 on Tuesday. The company has a market cap of $2.33 billion, a PE ratio of 13.32 and a beta of 1.18. Sanmina Corp. has a 1-year low of $16.31 and a 1-year high of $32.10. The stock 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 results on Tuesday, November 1st. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. Sanmina Corp. had a net margin of 2.90% and a return on equity of 11.73%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.57 EPS. Sanmina Corp.’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Sanmina Corp. will post $2.74 earnings per share for the current year.

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

SANM has been the topic of several analyst reports. B. Riley reissued a “buy” rating and set a $31.00 target price on shares of Sanmina Corp. in a research report on Monday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 price target on shares of Sanmina Corp. in a research report on Thursday, July 28th. Argus reaffirmed a “buy” rating and issued a $33.00 price target on shares of Sanmina Corp. in a research report on Thursday, July 28th. Zacks Investment Research raised Sanmina Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, Cross Research cut shares of Sanmina Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sanmina Corp. presently has an average rating of “Hold” and an average price target of $29.38.

Several hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of Sanmina Corp. by 48.5% in the second quarter. Meeder Asset Management Inc. now owns 26,668 shares of the company’s stock worth $713,000 after buying an additional 8,708 shares during the period. Adams Diversified Equity Fund Inc. bought a new position in shares of Sanmina Corp. during the second quarter valued at approximately $458,000. New York State Teachers Retirement System increased its position in shares of Sanmina Corp. by 7.0% in the second quarter. New York State Teachers Retirement System now owns 75,023 shares of the company’s stock valued at $2,011,000 after buying an additional 4,900 shares during the last quarter. Sadoff Investment Management LLC increased its position in shares of Sanmina Corp. by 27.2% in the second quarter. Sadoff Investment Management LLC now owns 890,075 shares of the company’s stock valued at $23,863,000 after buying an additional 190,075 shares during the last quarter. Finally, First Quadrant L P CA increased its position in shares of Sanmina Corp. by 4.7% in the second quarter. First Quadrant L P CA now owns 13,500 shares of the company’s stock valued at $362,000 after buying an additional 600 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Sanmina Corp. Company Profile

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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