Sanmina Corp. (NASDAQ:SANM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $28.64 and last traded at $28.59, with a volume of 148,459 shares traded. The stock had previously closed at $28.31.

A number of brokerages have recently issued reports on SANM. B. Riley restated a “buy” rating and set a $29.00 price objective on shares of Sanmina Corp. in a report on Tuesday, June 7th. Royal Bank Of Canada boosted their price objective on Sanmina Corp. from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 26th. Zacks Investment Research upgraded Sanmina Corp. from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, May 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $32.00 price objective (up previously from $27.00) on shares of Sanmina Corp. in a report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Sanmina Corp. has an average rating of “Hold” and a consensus price target of $26.63.

The stock’s 50 day moving average is $27.11 and its 200 day moving average is $22.81. The company has a market capitalization of $2.11 billion and a price-to-earnings ratio of 5.91.

Sanmina Corp. (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.06. The firm earned $1.61 billion during the quarter, compared to analysts’ expectations of $281.70 million. During the same quarter last year, the business posted $0.50 EPS. The company’s quarterly revenue was down 99.9% on a year-over-year basis. On average, equities analysts predict that Sanmina Corp. will post $2.50 EPS for the current year.

In other news, EVP Alan Mcwilliams Reid sold 4,362 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $23.96, for a total transaction of $104,513.52. Following the completion of the sale, the executive vice president now owns 20,184 shares in the company, valued at approximately $483,608.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles Kostalnick II sold 15,834 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $25.24, for a total transaction of $399,650.16. Following the sale, the executive vice president now owns 63,334 shares of the company’s stock, valued at approximately $1,598,550.16. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Sanmina Corp. by 0.7% in the fourth quarter. American Century Companies Inc. now owns 228,693 shares of the company’s stock valued at $4,707,000 after buying an additional 1,585 shares during the last quarter. Towle & Co. raised its stake in shares of Sanmina Corp. by 0.5% in the fourth quarter. Towle & Co. now owns 941,828 shares of the company’s stock valued at $19,383,000 after buying an additional 4,324 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Sanmina Corp. by 3.2% in the fourth quarter. Rhumbline Advisers now owns 139,766 shares of the company’s stock valued at $2,876,000 after buying an additional 4,360 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Sanmina Corp. by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 421,278 shares of the company’s stock valued at $8,670,000 after buying an additional 6,500 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Sanmina Corp. by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 534,121 shares of the company’s stock valued at $10,992,000 after buying an additional 9,971 shares during the last quarter.

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company 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.

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