Several other research firms have also issued reports on SANM. BidaskClub upgraded shares of Sanmina from a sell rating to a hold rating in a research report on Thursday, September 12th. Zacks Investment Research lowered shares of Sanmina from a hold rating to a sell rating in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $33.00.
SANM traded up $0.45 during trading on Wednesday, reaching $31.16. The stock had a trading volume of 145,629 shares, compared to its average volume of 312,172. The stock has a market cap of $2.14 billion, a PE ratio of 16.93, a PEG ratio of 0.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.64. Sanmina has a one year low of $22.30 and a one year high of $34.71. The business has a 50-day moving average of $30.63 and a 200-day moving average of $30.38.
In other Sanmina news, SVP Brent Billinger sold 931 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $30.12, for a total transaction of $28,041.72. Following the completion of the sale, the senior vice president now directly owns 20,877 shares in the company, valued at $628,815.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.55% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its position in Sanmina by 128.5% during the third quarter. State of Alaska Department of Revenue now owns 53,673 shares of the electronics maker’s stock valued at $1,723,000 after buying an additional 30,183 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Sanmina by 6.1% during the second quarter. Macquarie Group Ltd. now owns 62,900 shares of the electronics maker’s stock worth $1,905,000 after purchasing an additional 3,600 shares during the period. Atria Investments LLC purchased a new stake in shares of Sanmina during the second quarter worth about $727,000. BlackRock Inc. boosted its holdings in shares of Sanmina by 4.4% during the second quarter. BlackRock Inc. now owns 11,043,399 shares of the electronics maker’s stock worth $334,393,000 after purchasing an additional 467,702 shares during the period. Finally, Delphi Management Inc. MA boosted its holdings in shares of Sanmina by 29.2% during the second quarter. Delphi Management Inc. MA now owns 44,992 shares of the electronics maker’s stock worth $1,362,000 after purchasing an additional 10,170 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.
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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