Insider Selling: Sanmina Co. (NASDAQ:SANM) SVP Sells 2,520 Shares of Stock

Sanmina Co. (NASDAQ:SANMGet Rating) SVP Brent Billinger sold 2,520 shares of the company’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $42.33, for a total value of $106,671.60. Following the completion of the transaction, the senior vice president now directly owns 11,742 shares in the company, valued at $497,038.86. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ:SANM opened at $40.79 on Friday. Sanmina Co. has a 52-week low of $35.06 and a 52-week high of $44.26. The business’s fifty day moving average is $40.44 and its 200 day moving average is $39.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.14 and a current ratio of 1.65. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.98 and a beta of 0.98.

Sanmina (NASDAQ:SANMGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The electronics maker reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.13. Sanmina had a return on equity of 12.92% and a net margin of 4.10%. During the same quarter last year, the business posted $0.87 EPS.

Several institutional investors have recently bought and sold shares of the business. Confluence Wealth Services Inc. bought a new stake in shares of Sanmina in the fourth quarter worth $26,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Sanmina in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Sanmina in the fourth quarter worth about $29,000. Quadrant Capital Group LLC lifted its position in shares of Sanmina by 37.9% in the first quarter. Quadrant Capital Group LLC now owns 927 shares of the electronics maker’s stock worth $38,000 after buying an additional 255 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in shares of Sanmina in the fourth quarter worth about $55,000. 92.28% of the stock is owned by institutional investors and hedge funds.

SANM has been the topic of several research analyst reports. Zacks Investment Research raised Sanmina from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. StockNews.com upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 28th.

Sanmina Company Profile (Get Rating)

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.

Further Reading

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.