Sanmina Corp (NASDAQ:SANM) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $35.75.

A number of analysts recently commented on SANM shares. Citigroup upped their price objective on Sanmina from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded Sanmina from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. BidaskClub cut Sanmina from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. Finally, ValuEngine cut Sanmina from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd.

A number of large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. boosted its stake in Sanmina by 45.1% during the second quarter. First Mercantile Trust Co. now owns 6,080 shares of the electronics maker’s stock valued at $178,000 after buying an additional 1,890 shares during the last quarter. Stifel Financial Corp boosted its stake in Sanmina by 21.1% during the first quarter. Stifel Financial Corp now owns 11,382 shares of the electronics maker’s stock valued at $298,000 after buying an additional 1,986 shares during the last quarter. Aperio Group LLC boosted its stake in Sanmina by 9.8% during the second quarter. Aperio Group LLC now owns 29,043 shares of the electronics maker’s stock valued at $851,000 after buying an additional 2,587 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in Sanmina by 46.3% during the first quarter. Xact Kapitalforvaltning AB now owns 9,481 shares of the electronics maker’s stock valued at $248,000 after buying an additional 3,000 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its stake in Sanmina by 15.1% during the second quarter. Adams Diversified Equity Fund Inc. now owns 27,400 shares of the electronics maker’s stock valued at $803,000 after buying an additional 3,600 shares during the last quarter. 93.10% of the stock is owned by institutional investors and hedge funds.

Sanmina stock traded down $0.79 during mid-day trading on Friday, reaching $25.61. 398,072 shares of the stock traded hands, compared to its average volume of 582,832. The stock has a market cap of $1.88 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 1.37 and a beta of 0.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 1.26. Sanmina has a 12-month low of $24.60 and a 12-month high of $39.40.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 30th. The electronics maker reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Sanmina had a negative net margin of 1.01% and a positive return on equity of 10.28%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. As a group, sell-side analysts predict that Sanmina will post 1.68 EPS for the current fiscal year.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, 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.

See Also: Moving Average – How it Helps Investors in Stock Selection

Analyst Recommendations for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.