BidaskClub lowered shares of Sanmina (NASDAQ:SANM) from a hold rating to a sell rating in a research note released on Friday morning, BidAskClub reports.

SANM has been the subject of several other research reports. Zacks Investment Research upgraded shares of Sanmina from a sell rating to a hold rating in a research report on Tuesday, August 6th. TheStreet upgraded shares of Sanmina from a c+ rating to a b- rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $33.00.

SANM opened at $29.81 on Friday. Sanmina has a twelve month low of $22.30 and a twelve month high of $34.71. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.64. The stock’s 50-day moving average is $30.58. The firm has a market cap of $2.07 billion, a P/E ratio of 16.20, a PEG ratio of 0.85 and a beta of 1.33.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 29th. The electronics maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Sanmina had a net margin of 1.55% and a return on equity of 13.98%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Sanmina will post 2.98 earnings per share for the current year.

In other Sanmina news, SVP Brent Billinger sold 2,762 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $31.44, for a total value of $86,837.28. Following the completion of the sale, the senior vice president now owns 22,377 shares in the company, valued at approximately $703,532.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.55% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in SANM. Quadrant Capital Group LLC raised its holdings in Sanmina by 639.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,166 shares of the electronics maker’s stock valued at $59,000 after acquiring an additional 1,873 shares during the last quarter. Investors Research Corp acquired a new stake in Sanmina in the 1st quarter valued at about $61,000. Advisor Group Inc. raised its holdings in Sanmina by 27.3% in the 4th quarter. Advisor Group Inc. now owns 3,358 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 721 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Sanmina in the 4th quarter valued at about $142,000. Finally, SG Americas Securities LLC acquired a new stake in Sanmina in the 1st quarter valued at about $169,000. Institutional investors own 92.87% of the company’s stock.

About Sanmina

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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