Sanmina (NASDAQ:SANM – Get Free Report) will post its quarterly earnings results after the market closes on Monday, November 6th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Sanmina Price Performance
SANM stock opened at $53.36 on Friday. Sanmina has a 1 year low of $49.07 and a 1 year high of $69.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.14 and a current ratio of 1.83. The stock’s 50 day moving average price is $53.01 and its 200 day moving average price is $54.90. The firm has a market cap of $3.11 billion, a P/E ratio of 10.32 and a beta of 1.19.
Insiders Place Their Bets
In other Sanmina news, CEO Jure Sola sold 129,762 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $54.20, for a total transaction of $7,033,100.40. Following the transaction, the chief executive officer now owns 1,038,144 shares of the company’s stock, valued at approximately $56,267,404.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jure Sola sold 129,762 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $54.20, for a total value of $7,033,100.40. Following the transaction, the chief executive officer now directly owns 1,038,144 shares of the company’s stock, valued at approximately $56,267,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan Mcwilliams Reid sold 5,344 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $55.92, for a total value of $298,836.48. Following the completion of the transaction, the executive vice president now directly owns 27,000 shares in the company, valued at $1,509,840. The disclosure for this sale can be found here. Insiders have sold a total of 136,866 shares of company stock valued at $7,427,956 in the last quarter. 3.03% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Sanmina in a research note on Thursday, October 5th. They set a “buy” rating on the stock.
Sanmina Company Profile
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.
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