Insider Action: Warning Sanmina Corp (NASDAQ:SANM) optimists! Jackie Ward just Unloaded 20,848 shares.

November 23, 2016 - By Winifred Garcia

Insider Action: Warning Sanmina Corp (NASDAQ:SANM) optimists! Jackie Ward just Unloaded 20,848 shares.

Jackie Ward Insider Sell

Jackie Ward – a smart insider in Sanmina Corp who is for the time being a director — sold some 20,848 shares of Sanmina Corp, valued by the stock market at closely U.S Dollars 664,360 based on an average price per share of U.S Dollars 31.9. In the last 30 days, she also sold 19,387 shares valued at $614,579 USD. she today owns 0.19% of the stock market capitalization of Sanmina Corp. Jackie Ward’s shares were sold on November 23, 2016 and the document that contains the legal information, filed with the D.C. based-SEC can be seen here.

Sanmina Corp (NASDAQ:SANM) Ratings Coverage

Out of 10 analysts covering Sanmina-SCI Corporation (NASDAQ:SANM), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. $33 is the highest target while $18 is the lowest. The $27.40 average target is -16.84% below today’s ($32.95) stock price. Sanmina-SCI Corporation has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, January 26, the company rating was upgraded by Citigroup. On Tuesday, July 26 the stock rating was downgraded by Craig Hallum to “Hold”. The stock of Sanmina Corp (NASDAQ:SANM) has “Sector Perform” rating given on Tuesday, January 26 by RBC Capital Markets. The rating was maintained by Argus Research on Wednesday, November 4 with “Buy”. Zacks downgraded Sanmina Corp (NASDAQ:SANM) on Tuesday, September 22 to “Hold” rating. As per Wednesday, November 2, the company rating was maintained by Needham. The stock has “Buy” rating given by B. Riley & Co on Tuesday, April 26. The rating was upgraded by Longbow on Tuesday, July 21 to “Neutral”. The firm has “Neutral” rating by Goldman Sachs given on Thursday, October 22. RBC Capital Markets upgraded Sanmina Corp (NASDAQ:SANM) rating on Wednesday, January 20. RBC Capital Markets has “Sector Perform” rating and $18 price target.

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.20, from 0.95 in 2016Q1. The ratio improved, as 16 funds sold all Sanmina Corp shares owned while 94 reduced positions. 40 funds bought stakes while 65 increased positions. They now own 67.20 million shares or 9.03% less from 73.86 million shares in 2016Q1.

The United Kingdom-based Cantab Prns Limited Liability Partnership has invested 0% in Sanmina Corp (NASDAQ:SANM). State Board Of Administration Of Florida Retirement System holds 0.01% or 69,179 shares in its portfolio. Pacific Heights Asset Lc last reported 1.12% of its portfolio in the stock. Whittier Trust last reported 0% of its portfolio in the stock. Pnc Services Grp reported 82,016 shares or 0% of all its holdings. Hillsdale Invest Management holds 0.15% of its portfolio in Sanmina Corp (NASDAQ:SANM) for 19,100 shares. Profund Limited Company reported 23,488 shares or 0.03% of all its holdings. Mizuho Trust And Limited has 325,144 shares for 0.03% of their US portfolio. Envestnet Asset Mgmt Inc last reported 13,218 shares in the company. Virginia Retirement Et Al holds 0.02% or 56,300 shares in its portfolio. Leuthold Gp Llc has 158,118 shares for 0.45% of their US portfolio. Comml Bank Of Montreal Can has 190,948 shares for 0.01% of their US portfolio. American Century last reported 233,782 shares in the company. Nationwide Fund Advsr last reported 0.04% of its portfolio in the stock. Moreover, First Trust Advsrs Lp has 0.01% invested in Sanmina Corp (NASDAQ:SANM) for 85,258 shares.

Insider Transactions: Since August 9, 2016, the stock had 0 buys, and 8 selling transactions for $9.13 million net activity. On Wednesday, August 24 the insider REID ALAN McWILLIAMS sold $264,500. WARD JACKIE M also sold $614,579 worth of Sanmina Corp (NASDAQ:SANM) shares. $2.25M worth of Sanmina Corp (NASDAQ:SANM) was sold by SOLA JURE. 23,933 shares were sold by BONKE NEIL R, worth $686,882. 13,178 shares with value of $350,382 were sold by Goldsberry John on Monday, August 29. SHORTRIDGE WAYNE sold $104,216 worth of stock or 4,000 shares. $3.32 million worth of shares were sold by EULAU ROBERT K on Thursday, November 10.

The stock increased 3.78% or $1.2 during the last trading session, hitting $32.95. About 538,466 shares traded hands. Sanmina Corp (NASDAQ:SANM) has risen 45.04% since April 21, 2016 and is uptrending. It has outperformed by 39.71% the S&P500.

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 $2.42 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 13.8 P/E ratio. The Company’s activities are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS).

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.”

Analysts await Sanmina Corp (NASDAQ:SANM) to report earnings on January, 23. They expect $0.66 EPS, up 20.00% or $0.11 from last year’s $0.55 per share. SANM’s profit will be $48.47 million for 12.48 P/E if the $0.66 EPS becomes a reality. After $0.64 actual EPS reported by Sanmina Corp for the previous quarter, Wall Street now forecasts 3.13% EPS growth.

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.

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.

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