Sanmina Corp. (NASDAQ:SANM) shot up 2.1% on Thursday . The company traded as high as $26.85 and last traded at $26.84, with a volume of 237,422 shares trading hands. The stock had previously closed at $26.28.

A number of research firms have weighed in on SANM. B. Riley restated a “buy” rating and set a $31.00 price target on shares of Sanmina Corp. in a research report on Sunday, July 31st. Needham & Company LLC restated a “buy” rating and set a $32.00 price target on shares of Sanmina Corp. in a research report on Thursday, July 28th. Argus restated a “buy” rating and set a $33.00 price target on shares of Sanmina Corp. in a research report on Thursday, July 28th. Craig Hallum downgraded Sanmina Corp. from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research report on Tuesday, July 26th. Finally, RBC Capital Markets restated an “in-line” rating and set a $29.00 price target on shares of Sanmina Corp. in a research report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $27.30.

The firm has a market cap of $1.98 billion and a P/E ratio of 5.33. The stock has a 50 day moving average of $26.63 and a 200-day moving average of $24.79.

Sanmina Corp. (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.63 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts predict that Sanmina Corp. will post $2.50 EPS for the current fiscal year.

In other Sanmina Corp. news, Chairman Jure Sola sold 58,531 shares of Sanmina Corp. stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $26.25, for a total value of $1,536,438.75. Following the completion of the transaction, the chairman now owns 392,686 shares of the company’s stock, valued at $10,308,007.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wayne Shortridge sold 4,000 shares of Sanmina Corp. stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $26.05, for a total transaction of $104,200.00. Following the completion of the transaction, the director now directly owns 68,428 shares of the company’s stock, valued at approximately $1,782,549.40. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Sanmina Corp. stock. Principal Financial Group Inc. increased its stake in shares of Sanmina Corp. (NASDAQ:SANM) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 534,121 shares of the company’s stock after buying an additional 9,971 shares during the period. Principal Financial Group Inc. owned 0.69% of Sanmina Corp. worth $10,992,000 as of its most recent SEC filing.

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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