Sanmina (NASDAQ:SANM) Given Hold Rating at Craig Hallum

Craig Hallum reaffirmed their hold rating on shares of Sanmina (NASDAQ:SANM) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Craig Hallum currently has a $62.00 price objective 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 for the company.

Sanmina Stock Performance

NASDAQ:SANM opened at $60.67 on Tuesday. Sanmina has a 1 year low of $43.40 and a 1 year high of $69.69. The business has a fifty day simple moving average of $61.32 and a two-hundred day simple moving average of $55.44. 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 company has a market capitalization of $3.45 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.93 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $1.37 earnings per share. The business’s revenue for the quarter was down 20.9% on a year-over-year basis. On average, analysts expect that Sanmina will post 5 earnings per share for the current year.

Insider Activity at Sanmina

In related news, Director Susan A. Johnson sold 1,000 shares of Sanmina stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now owns 7,811 shares of the company’s stock, valued at $473,659.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sanmina

Several hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Sanmina by 2.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,411 shares of the electronics maker’s stock worth $464,000 after purchasing an additional 197 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Sanmina by 1.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 11,473 shares of the electronics maker’s stock worth $589,000 after purchasing an additional 212 shares during the last quarter. Headlands Technologies LLC lifted its stake in Sanmina by 5.1% during the fourth quarter. Headlands Technologies LLC now owns 4,511 shares of the electronics maker’s stock worth $232,000 after purchasing an additional 217 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Sanmina by 5.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,533 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 252 shares during the last quarter. Finally, Islay Capital Management LLC lifted its stake in Sanmina by 2.0% during the third quarter. Islay Capital Management LLC now owns 13,833 shares of the electronics maker’s stock worth $751,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 92.71% 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 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.