Sanmina (NASDAQ:SANM) had its price objective decreased by Needham & Company LLC to $33.00 in a report issued on Tuesday morning, The Fly reports. Needham & Company LLC currently has a buy rating on the electronics maker’s stock.
Several other research analysts also recently commented on the company. Craig Hallum reiterated a buy rating and issued a $37.00 price objective (down previously from $44.00) on shares of Sanmina in a report on Tuesday. Royal Bank of Canada decreased their price objective on Sanmina to $31.00 and set a sector perform rating on the stock in a report on Monday. Zacks Investment Research upgraded Sanmina from a sell rating to a hold rating in a report on Thursday, January 4th. BidaskClub downgraded Sanmina from a buy rating to a hold rating in a report on Tuesday, December 12th. Finally, Argus downgraded Sanmina from a buy rating to a hold rating in a report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $37.25.
Shares of Sanmina (NASDAQ SANM) opened at $27.00 on Tuesday. Sanmina has a 12-month low of $26.45 and a 12-month high of $42.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.97 and a current ratio of 1.62. The firm has a market capitalization of $1,940.00, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.76 and a beta of 0.79.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SANM. Riverhead Capital Management LLC increased its holdings in shares of Sanmina by 70.7% in the second quarter. Riverhead Capital Management LLC now owns 3,927 shares of the electronics maker’s stock worth $150,000 after buying an additional 1,627 shares during the period. Amalgamated Bank increased its holdings in Sanmina by 1.6% during the 2nd quarter. Amalgamated Bank now owns 10,104 shares of the electronics maker’s stock valued at $385,000 after purchasing an additional 158 shares during the period. Thrivent Financial For Lutherans increased its holdings in Sanmina by 9.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 45,700 shares of the electronics maker’s stock valued at $1,741,000 after purchasing an additional 3,930 shares during the period. New York State Common Retirement Fund increased its holdings in Sanmina by 0.5% during the 2nd quarter. New York State Common Retirement Fund now owns 448,472 shares of the electronics maker’s stock valued at $17,087,000 after purchasing an additional 2,099 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Sanmina by 0.9% during the 2nd quarter. Nordea Investment Management AB now owns 209,000 shares of the electronics maker’s stock valued at $7,963,000 after purchasing an additional 1,900 shares during the period. Hedge funds and other institutional investors own 92.49% of the company’s stock.
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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.
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