Today’s Stock On Watch: Sanmina Corp (NASDAQ:SANM): Positive Stock Sentiment

December 1, 2016 - By Peter Erickson   ·   0 Comments

Today's Stock On Watch: Sanmina Corp (NASDAQ:SANM): Positive Stock Sentiment

Sentiment for Sanmina Corp (NASDAQ:SANM)

Sanmina Corp (NASDAQ:SANM) institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.20, from 0.95 in 2016Q1. The ratio is better, as 105 institutional investors increased or started new equity positions, while 110 decreased and sold their holdings in Sanmina Corp. The institutional investors in our partner’s database now hold: 67.20 million shares, down from 73.86 million shares in 2016Q1. Also, the number of institutional investors holding Sanmina Corp in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 16 Reduced: 94 Increased: 65 New Position: 40.

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The company has a market cap of $2.37 billion. The Firm provides these offerings primarily to original equipment manufacturers , in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries. It has a 13.84 P/E ratio. The Company’s activities are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS).

About 70,282 shares traded hands. Sanmina Corp (NASDAQ:SANM) has risen 40.15% since April 28, 2016 and is uptrending. It has outperformed by 34.22% the S&P500.

Analysts await Sanmina Corp (NASDAQ:SANM) to report earnings on January, 23. They expect $0.66 earnings per share, up 20.00% or $0.11 from last year’s $0.55 per share. SANM’s profit will be $47.33 million for 12.52 P/E if the $0.66 EPS becomes a reality. After $0.64 actual earnings per share reported by Sanmina Corp for the previous quarter, Wall Street now forecasts 3.13% EPS growth.

According to Zacks Investment Research, “Sanmina Corporation is engaged in providing electronics contract manufacturing services. It focuses on engineering and fabricating complex components and also on providing complete end-to-end supply chain solutions to Original Equipment Manufacturers. The Company’s services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test; direct order fulfillment and logistics services, and after-market product service and support. Sanmina Corporation, formerly known as Sanmina-SCI Corp., is based in San Jose, California.”

Towle & Co holds 3.75% of its portfolio in Sanmina Corp for 757,367 shares. Donald Smith & Co. Inc. owns 4.16 million shares or 3.01% of their US portfolio. Moreover, Sadoff Investment Management Llc has 2.85% invested in the company for 890,075 shares. The Illinois-based Skyline Asset Management Lp has invested 2.28% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 312,720 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 13 sales for $11.34 million net activity.

Sanmina Corp (NASDAQ:SANM) Ratings Coverage

Ratings analysis reveals 30% of Sanmina-SCI Corporation’s analysts are positive. Out of 10 Wall Street analysts rating Sanmina-SCI Corporation, 3 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $18 while the high is $33. The stock’s average target of $27.40 is -17.10% below today’s ($33.05) share price. SANM was included in 17 notes of analysts from July 21, 2015. RBC Capital Markets upgraded the shares of SANM in a report on Wednesday, January 20 to “Sector Perform” rating. B. Riley & Co maintained the shares of SANM in a report on Tuesday, April 26 with “Buy” rating. The stock has “Buy” rating given by Needham on Wednesday, November 2. Zacks downgraded Sanmina Corp (NASDAQ:SANM) on Tuesday, September 22 to “Hold” rating. The firm has “Buy” rating by B. Riley & Co given on Friday, December 4. Goldman Sachs downgraded Sanmina Corp (NASDAQ:SANM) on Thursday, October 22 to “Neutral” rating. RBC Capital Markets maintained Sanmina Corp (NASDAQ:SANM) rating on Tuesday, January 26. RBC Capital Markets has “Sector Perform” rating and $19 price target. The rating was downgraded by Citigroup on Friday, October 23 to “Sell”. Cross Research downgraded the stock to “Hold” rating in Monday, October 31 report. The stock of Sanmina Corp (NASDAQ:SANM) earned “Underperform” rating by RBC Capital Markets on Tuesday, November 3.

SANM Company Profile

Sanmina Corporation, incorporated on May 9, 1989, is a well-known provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Firm provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries. The Company’s activities are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The Company’s services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test, direct order fulfillment and logistics services, and after-market product service and support, and global supply chain management.

More important recent Sanmina Corp (NASDAQ:SANM) news were published by: Fool.com which released: “Why Sanmina Corp. Stock Plunged Today” on July 26, 2016, also Marketwatch.com published article titled: “Sanmina Corp. NASDAQ: SANM”, Quotes.Wsj.com published: “News Sanmina Corp.SANM” on February 11, 2011. More interesting news about Sanmina Corp (NASDAQ:SANM) was released by: Fool.com and their article: “Why Sanmina Corp. Jumped 20% Tuesday” with publication date: November 03, 2015.

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By Peter Erickson

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