Sanmina Corp. (NASDAQ:SANM) shares hit a new 52-week high on Wednesday . The stock traded as high as $29.17 and last traded at $29.05, with a volume of 182,452 shares changing hands. The stock had previously closed at $28.85.

A number of research firms have commented on SANM. Zacks Investment Research cut shares of Sanmina Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. B. Riley reaffirmed a “buy” rating and issued a $29.00 target price (up previously from $26.00) on shares of Sanmina Corp. in a research report on Tuesday, April 26th. Royal Bank Of Canada upped their target price on shares of Sanmina Corp. from $22.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price (up previously from $27.00) on shares of Sanmina Corp. in a research report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.63.

The firm has a 50 day moving average price of $27.53 and a 200-day moving average price of $23.12. The stock has a market cap of $2.13 billion and a PE ratio of 5.98.

Sanmina Corp. (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.06. During the same quarter last year, the firm posted $0.50 earnings per share. The firm earned $1.61 billion during the quarter, compared to the consensus estimate of $281.70 million. Sanmina Corp.’s revenue was down 99.9% compared to the same quarter last year. Equities research analysts predict that Sanmina Corp. will post $2.50 EPS for the current fiscal year.

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

Other hedge funds and institutional investors recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Sanmina Corp. by 3.2% in the fourth quarter. Rhumbline Advisers now owns 139,766 shares of the company’s stock worth $2,876,000 after buying an additional 4,360 shares during the last quarter. New York State Common Retirement Fund increased its position 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 worth $8,670,000 after buying an additional 6,500 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Sanmina Corp. during the fourth quarter worth approximately $1,017,000. Cornerstone Capital Management Holdings LLC. increased its position in shares of Sanmina Corp. by 11.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 297,634 shares of the company’s stock worth $6,125,000 after buying an additional 30,084 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Sanmina Corp. by 98.3% in the fourth quarter. Bank of Montreal Can now owns 246,085 shares of the company’s stock worth $5,064,000 after buying an additional 121,965 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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