Sanmina’s (SANM) “Hold” Rating Reiterated at Craig Hallum

Craig Hallum reiterated their hold rating on shares of Sanmina (NASDAQ:SANM) in a research report released on Tuesday morning, Marketbeat.com reports. They currently have a $62.00 target price on the electronics maker’s stock.

Separately, Fox Advisors started coverage on Sanmina in a report on Wednesday, March 6th. They issued an overweight rating and a $80.00 price target on the stock.

Sanmina Stock Performance

Shares of NASDAQ SANM traded up $0.27 during trading on Tuesday, hitting $61.76. The company had a trading volume of 253,310 shares, compared to its average volume of 498,968. Sanmina has a 12 month low of $43.40 and a 12 month high of $69.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.23 and a current ratio of 2.00. The firm has a market capitalization of $3.51 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01. The stock has a 50 day simple moving average of $61.38 and a 200 day simple moving average of $55.58.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was down 20.9% compared to the same quarter last year. As a group, analysts anticipate that Sanmina will post 5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Susan A. Johnson sold 1,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 7,811 shares in the company, valued at $473,659.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Sanmina by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,108,722 shares of the electronics maker’s stock worth $365,175,000 after purchasing an additional 130,797 shares during the period. Earnest Partners LLC raised its position in shares of Sanmina by 19.1% in the 3rd quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker’s stock worth $64,189,000 after acquiring an additional 189,832 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position in Sanmina by 27.4% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 677,891 shares of the electronics maker’s stock valued at $34,823,000 after purchasing an additional 145,780 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Sanmina by 18.6% in the first quarter. Assenagon Asset Management S.A. now owns 643,251 shares of the electronics maker’s stock worth $39,997,000 after purchasing an additional 100,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sanmina by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 583,257 shares of the electronics maker’s stock worth $29,962,000 after buying an additional 13,120 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other 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.