Royal Bank Of Canada reissued their hold rating on shares of Sanmina Corporation (NASDAQ:SANM) in a research note released on Friday. Royal Bank Of Canada currently has a $40.00 price objective on the electronics maker’s stock.

SANM has been the subject of several other research reports. Bank of America Corporation restated a buy rating and set a $48.00 target price on shares of Sanmina Corporation in a report on Thursday, June 15th. Needham & Company LLC restated a buy rating and set a $45.00 target price on shares of Sanmina Corporation in a report on Tuesday, July 25th. ValuEngine upgraded shares of Sanmina Corporation from a buy rating to a strong-buy rating in a report on Friday. 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $42.80.

Sanmina Corporation (NASDAQ:SANM) opened at 37.65 on Friday. The company has a market cap of $2.84 billion, a P/E ratio of 13.75 and a beta of 0.78. The stock’s 50 day moving average is $37.20 and its 200-day moving average is $38.29. Sanmina Corporation has a 12-month low of $26.27 and a 12-month high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last announced its earnings results on Monday, July 24th. The electronics maker reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts predict that Sanmina Corporation will post $3.01 earnings per share for the current fiscal year.

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In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $36.95, for a total transaction of $369,500.00. Following the sale, the vice president now directly owns 190,000 shares of the company’s stock, valued at $7,020,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SANM. Russell Investments Group Ltd. raised its position in Sanmina Corporation by 40.7% during the first quarter. Russell Investments Group Ltd. now owns 227,700 shares of the electronics maker’s stock worth $9,244,000 after acquiring an additional 65,860 shares in the last quarter. Wells Fargo & Company MN raised its position in Sanmina Corporation by 2.1% during the first quarter. Wells Fargo & Company MN now owns 531,561 shares of the electronics maker’s stock worth $21,580,000 after acquiring an additional 10,862 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Sanmina Corporation during the first quarter worth $6,435,000. Tocqueville Asset Management L.P. raised its position in Sanmina Corporation by 11.8% during the first quarter. Tocqueville Asset Management L.P. now owns 7,057 shares of the electronics maker’s stock worth $287,000 after acquiring an additional 746 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Sanmina Corporation by 7.5% during the first quarter. Great West Life Assurance Co. Can now owns 103,202 shares of the electronics maker’s stock worth $4,184,000 after acquiring an additional 7,215 shares in the last quarter. 92.78% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Sanmina Corporation (NASDAQ:SANM)

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