Sanmina (NASDAQ:SANM) Stock Rating Reaffirmed by Craig Hallum

Sanmina (NASDAQ:SANM)‘s stock had its “hold” rating reissued by analysts at Craig Hallum in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $62.00 price objective on the electronics maker’s stock. Craig Hallum’s price objective points to a potential upside of 1.77% from the company’s previous close.

Separately, Fox Advisors assumed coverage on Sanmina in a report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective on the stock.

Sanmina Price Performance

Sanmina stock opened at $60.92 on Tuesday. The stock’s fifty day moving average price is $61.36 and its two-hundred day moving average price is $55.48. Sanmina has a one year low of $43.40 and a one year high of $69.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.99 and a quick ratio of 1.23. The firm has a market cap of $3.46 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a return on equity of 12.04% and a net margin of 3.11%. The company’s revenue was down 20.9% on a year-over-year basis. During the same quarter last year, the company earned $1.37 EPS. As a group, research analysts expect that Sanmina will post 5 EPS for the current fiscal year.

Insider Transactions at Sanmina

In other news, Director Susan A. Johnson sold 1,000 shares of Sanmina stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.64, for a total value of $60,640.00. Following the completion of the transaction, the director now directly owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.09% of the company’s stock.

Institutional Trading of Sanmina

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. Commonwealth Equity Services LLC boosted its stake in Sanmina by 5.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,726 shares of the electronics maker’s stock valued at $691,000 after purchasing an additional 648 shares during the last quarter. Raymond James & Associates boosted its stake in Sanmina by 0.7% during the 3rd quarter. Raymond James & Associates now owns 49,351 shares of the electronics maker’s stock valued at $2,679,000 after purchasing an additional 345 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in Sanmina during the 3rd quarter valued at about $203,000. Bailard Inc. acquired a new position in Sanmina during the 3rd quarter valued at about $309,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sanmina by 9.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,037 shares of the electronics maker’s stock valued at $653,000 after purchasing an additional 1,077 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.