Trade Report: The Sanmina Corp. (SANM) Director Sold $664,425.76 in Stock

The Sanmina Corp. (SANM) Director Sold $664,425.76 in Stock

Sanmina Corp. (NASDAQ:SANM) Director Jackie M. Ward sold 20,848 shares of Sanmina Corp. stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $31.87, for a total transaction of $664,425.76. Following the completion of the transaction, the director now directly owns 154,039 shares in the company, valued at approximately $4,909,222.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Sanmina Corp. (NASDAQ:SANM) opened at 33.15 on Monday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 13.93 and a beta of 1.18. Sanmina Corp. has a 12 month low of $16.31 and a 12 month high of $33.65. The stock has a 50 day moving average of $29.40 and a 200-day moving average of $27.57.

Sanmina Corp. (NASDAQ:SANM) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business earned $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. Sanmina Corp. had a net margin of 2.90% and a return on equity of 11.73%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. On average, analysts forecast that Sanmina Corp. will post $2.74 EPS for the current year.

A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $31.00 price target on shares of Sanmina Corp. in a research note on Monday, October 31st. Zacks Investment Research raised shares of Sanmina Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Needham & Company LLC lifted their price target on shares of Sanmina Corp. from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Finally, Cross Research lowered shares of Sanmina Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Sanmina Corp. has an average rating of “Hold” and a consensus target price of $29.38.

A number of hedge funds and other institutional investors have recently modified their holdings of SANM. State Street Corp raised its position in shares of Sanmina Corp. by 3.9% in the first quarter. State Street Corp now owns 1,667,404 shares of the company’s stock worth $38,983,000 after buying an additional 62,759 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Sanmina Corp. by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 128,192 shares of the company’s stock worth $2,997,000 after buying an additional 3,349 shares during the period. Geode Capital Management LLC raised its position in shares of Sanmina Corp. by 2.9% in the first quarter. Geode Capital Management LLC now owns 757,893 shares of the company’s stock worth $17,719,000 after buying an additional 21,450 shares during the period. HBK Investments L P acquired a new position in shares of Sanmina Corp. during the first quarter worth about $276,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Sanmina Corp. by 85.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 57,080 shares of the company’s stock worth $1,335,000 after buying an additional 26,350 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

About Sanmina Corp.

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