News headlines about Sanmina Corporation (NASDAQ:SANM) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sanmina Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 46.3713773805866 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

SANM has been the subject of several recent research reports. Bank of America Corporation reiterated a “buy” rating and issued a $48.00 price objective on shares of Sanmina Corporation in a research note on Thursday, June 15th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a research note on Tuesday, April 25th. ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada decreased their price objective on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut Sanmina Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.80.

Shares of Sanmina Corporation (NASDAQ:SANM) traded up 0.56% during trading on Friday, hitting $35.70. The stock had a trading volume of 626,272 shares. Sanmina Corporation has a 12-month low of $26.00 and a 12-month high of $42.95. The stock has a 50-day moving average of $38.21 and a 200 day moving average of $38.54. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 13.04 and a beta of 0.78.

Sanmina Corporation (NASDAQ:SANM) last posted its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) 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 company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.63 EPS. Sanmina Corporation’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Sanmina Corporation will post $3.01 earnings per share for the current fiscal year.

In other news, VP Robert K. Eulau sold 10,000 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the sale, the vice president now owns 200,000 shares in the company, valued at $7,680,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.96% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Sanmina Corporation (NASDAQ:SANM)

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