Sanmina (NASDAQ:SANM) Upgraded to “Hold” by BidaskClub
Separately, Zacks Investment Research raised shares of Sanmina from a sell rating to a hold rating in a report on Tuesday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Sanmina has an average rating of Hold and a consensus target price of $33.00.
SANM traded up $0.04 during trading on Thursday, reaching $32.58. 179,763 shares of the company’s stock were exchanged, compared to its average volume of 328,647. Sanmina has a one year low of $22.30 and a one year high of $34.71. The company has a current ratio of 1.64, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.20 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37. The firm has a fifty day moving average price of $30.16 and a two-hundred day moving average price of $30.28.
In other news, SVP Brent Billinger sold 931 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $30.12, for a total value of $28,041.72. Following the sale, the senior vice president now directly owns 20,877 shares of the company’s stock, valued at approximately $628,815.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.55% of the company’s stock.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Sanmina in the 1st quarter valued at $169,000. Ibex Investors LLC bought a new stake in shares of Sanmina in the 2nd quarter valued at $229,000. LPL Financial LLC bought a new stake in shares of Sanmina in the 2nd quarter valued at $231,000. Everence Capital Management Inc. bought a new stake in shares of Sanmina in the 1st quarter valued at $253,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Sanmina by 41.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,861 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 2,580 shares during the last quarter. 93.12% of the stock is currently owned by institutional investors.
Sanmina Company Profile
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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