Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Sanmina (SANM) Share Price

News articles about Sanmina (NASDAQ:SANM) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sanmina earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the electronics maker an impact score of 45.4706925570341 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

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Shares of NASDAQ:SANM opened at $28.30 on Friday. The firm has a market cap of $2,026.95, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62. Sanmina has a 1-year low of $24.60 and a 1-year high of $42.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 1.60.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. equities research analysts anticipate that Sanmina will post 1.72 EPS for the current year.

SANM has been the topic of several recent analyst reports. ValuEngine raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Needham & Company LLC cut their price target on shares of Sanmina to $33.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Craig Hallum reaffirmed a “buy” rating and issued a $37.00 price target (down from $44.00) on shares of Sanmina in a report on Tuesday, January 23rd. Finally, Citigroup raised shares of Sanmina from a “neutral” rating to a “buy” rating in a report on Friday, April 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sanmina currently has a consensus rating of “Hold” and a consensus target price of $37.25.

In other news, Director Joseph G. Licata, Jr. sold 18,444 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.49, for a total transaction of $507,025.56. Following the completion of the transaction, the director now owns 48,787 shares in the company, valued at $1,341,154.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brent Billinger purchased 1,500 shares of the stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $26.33 per share, with a total value of $39,495.00. Following the transaction, the senior vice president now directly owns 18,004 shares of the company’s stock, valued at approximately $474,045.32. The disclosure for this purchase can be found here. 5.12% of the stock is currently owned by corporate insiders.

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Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including 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.

Insider Buying and Selling by Quarter for Sanmina (NASDAQ:SANM)

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