Needham & Company LLC reiterated their buy rating on shares of Sanmina Corporation (NASDAQ:SANM) in a report issued on Tuesday morning. Needham & Company LLC currently has a $45.00 price target on the electronics maker’s stock.

SANM has been the topic of a number of other research reports. Royal Bank Of Canada restated a sector perform rating and issued a $42.00 price target (up previously from $39.00) on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Bank of America Corporation restated a buy rating and issued a $48.00 price target on shares of Sanmina Corporation in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $42.80.

Shares of Sanmina Corporation (NASDAQ SANM) traded down 1.65% during trading on Tuesday, reaching $35.85. 712,236 shares of the company were exchanged. The company has a 50 day moving average price of $38.78 and a 200-day moving average price of $38.55. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 13.09 and a beta of 0.79. Sanmina Corporation has a one year low of $24.99 and a one year high of $42.95.

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

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In related news, VP Robert K. Eulau sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $37.97, for a total value of $379,700.00. Following the sale, the vice president now owns 210,000 shares in the company, valued at approximately $7,973,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 30,000 shares of company stock worth $1,134,700. 4.96% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of SANM. LS Investment Advisors LLC boosted its position in Sanmina Corporation by 4.1% in the second quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after buying an additional 138 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Sanmina Corporation during the second quarter valued at $203,000. Nisa Investment Advisors LLC boosted its position in Sanmina Corporation by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after buying an additional 200 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Sanmina Corporation during the first quarter valued at $209,000. Finally, Menta Capital LLC purchased a new position in Sanmina Corporation during the first quarter valued at $219,000. Institutional investors and hedge funds own 95.40% of the company’s stock.

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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