It’s been a crucial week for Sanmina Corporation (NASDAQ:SANM); here’s what analysts have to say.

June 14, 2018 - By Ellis Scott

Sanmina Corporation (NASDAQ:SANM) LogoInvestors sentiment decreased to 0.66 in Q1 2018. Its down 0.27, from 0.93 in 2017Q4. It worsened, as 47 investors sold Sanmina Corporation shares while 79 reduced holdings. 27 funds opened positions while 56 raised stakes. 63.58 million shares or 2.37% less from 65.12 million shares in 2017Q4 were reported.
Vanguard Group Inc Inc invested 0.01% in Sanmina Corporation (NASDAQ:SANM). Guggenheim Cap Ltd Liability Corp holds 111,305 shares or 0.01% of its portfolio. Thomson Horstmann And Bryant Inc stated it has 7,655 shares. Rhumbline Advisers holds 0.01% in Sanmina Corporation (NASDAQ:SANM) or 180,265 shares. Blackrock has invested 0.01% in Sanmina Corporation (NASDAQ:SANM). Riverhead Cap Management Ltd Liability Corporation has 0.01% invested in Sanmina Corporation (NASDAQ:SANM). Bnp Paribas Arbitrage invested in 0% or 23,194 shares. Great West Life Assurance Communication Can holds 0.01% or 95,236 shares. Bank Of America De accumulated 0% or 386,575 shares. Glenmede Tru Na accumulated 1,668 shares. Stone Ridge Asset Mngmt Limited Com stated it has 0.02% of its portfolio in Sanmina Corporation (NASDAQ:SANM). Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in Sanmina Corporation (NASDAQ:SANM). Envestnet Asset Mngmt holds 0% or 150 shares. Bridgeway Inc accumulated 226,700 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 105,300 shares or 0.5% of the stock.

Since February 5, 2018, it had 1 insider purchase, and 3 sales for $915,331 activity. SHORTRIDGE WAYNE sold $312,844 worth of stock. Licata Joseph G Jr sold 18,444 shares worth $506,959.

Sanmina Corporation (NASDAQ:SANM) Ratings Coverage

Among 4 analysts covering Sanmina-Sci Corp (NASDAQ:SANM), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Sanmina-Sci Corp had 7 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Sanmina Corporation (NASDAQ:SANM) earned “Hold” rating by RBC Capital Markets on Friday, January 19. On Tuesday, April 24 the stock rating was maintained by Needham with “Buy”. The firm earned “Buy” rating on Monday, December 18 by Craig Hallum. The stock of Sanmina Corporation (NASDAQ:SANM) has “Buy” rating given on Friday, April 13 by Citigroup. Citigroup maintained it with “Buy” rating and $33 target in Tuesday, April 24 report. The firm earned “Buy” rating on Wednesday, May 23 by Needham. The rating was maintained by Craig Hallum with “Buy” on Wednesday, May 23. Below is a list of Sanmina Corporation (NASDAQ:SANM) latest ratings and price target changes.

23/05/2018 Broker: Craig Hallum Rating: Buy New Target: $40.0000 Maintain
23/05/2018 Broker: Needham Rating: Buy New Target: $40.0000 Maintain
24/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $32 New Target: $33 Maintain
24/04/2018 Broker: Needham Rating: Buy New Target: $40.0000 Maintain
13/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
19/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $31.0 Maintain
18/12/2017 Broker: Craig Hallum Rating: Buy New Target: $44.0 Upgrade

The stock increased 0.33% or $0.1 during the last trading session, reaching $30.5. About 363,677 shares traded. Sanmina Corporation (NASDAQ:SANM) has declined 20.72% since June 14, 2017 and is downtrending. It has underperformed by 33.29% the S&P500.

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company has market cap of $2.09 billion. The firm offers product design and engineering solutions comprising concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services. It currently has negative earnings. It also provides interconnect systems, such as printed circuit board fabrication, backplane, and cable assemblies; and mechanical systems, including enclosures, precision machining, and plastic injection molding; non-volatile DIMMs, solid state drives, and DRAM solutions; defense and aerospace products; storage products; and optical and radio frequency modules.

Another recent and important Sanmina Corporation (NASDAQ:SANM) news was published by Prnewswire.com which published an article titled: “Sanmina Celebrates 25 Years As A Public Company By Ringing The Nasdaq Stock Market Opening Bell” on May 18, 2018.

Sanmina Corporation (NASDAQ:SANM) Institutional Positions Chart

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