Sanmina Corporation (SANM): A brief note on last quarter

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Sanmina Corporation (NASDAQ:SANM) changes shares on Thursday trading session, with a change of 0.74% or $0.18 shares. The trading starts at $24.12 and closed at $24.39 throughout the day. The trading session low price was $23.79 and day high was $24.67 on Thursday, June 25. After the session, the Technology sector daily volume shifted to 0.4 million while its average volume is 481.41K. In other hand, the SANM market cap reached to $1.69B. While, its current target price is $24.57 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.54% and down -12.90% for month. Its quarterly performance was -11.78% below, while its half year performance is down -28.05%. SANM yearly performance stood at negative -17.27% and fall -28.24% for year-to-date. Current recommendation for Sanmina Corporation is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SANM EPS (TTM) for 12-month is 1.47. EPS for this year is 110.60%, while for the next year its value is 2.42. Its EPS Q/Q reached -88.20%. It has an EPS of -2.80% down for past five years and for the next five years will be down -1.50%.

The company posted an EPS (TTM) of 1.47. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.35, while 0.82 EPS posted a year ago period. Analyst Estimated EPS for SANM published in the report was 0.34-0.36 during the same period. Comparing with last year, the average estimated EPS was 0.82 which is higher than 0.32 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SANM fall -16.71% for period of 200 days. SMA for 50 days was -7.49% which is showing red signal, while SMA-20 was -7.14%. The moving average value for Sanmina Corporation (SANM) is 28.47 and 26.52 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SANM stock. On May 20, BILLINGER BRENT, SVP & Corp Controller, sold 922 trading shares at the cost of $27.35, which valued at 25214.0. On May 08, Goldsberry John, Director, sold 5,974 shares at the cost of $28.12, with total shares of 22,052. On May 07, REID ALAN McWILLIAMS, EVP, Global Human Resources, sold 4,579 shares at the cost of 26.93. After this transaction, REID ALAN McWILLIAMS total shares reached to 38,686 which valued at 0.12 million.