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Sanmina-Sci Director Cashes In on Major Stock Sale

Sanmina-Sci Director Cashes In on Major Stock Sale

New insider activity at Sanmina-Sci ( (SANM) ) has taken place on February 25, 2025.

Director Mario Rosati recently sold 11,391 shares of Sanmina-Sci stock, amounting to a total sale value of $979,739.

Recent Updates on SANM stock

Sanmina Corporation recently reported strong financial results for the first quarter of fiscal year 2025, with a revenue of $2.01 billion, marking a 7% increase year-over-year. This growth was primarily driven by the communications networks and cloud infrastructure segments, which grew by 19%. The company also reported improvements in non-GAAP financial metrics, including a rise in gross margin and diluted earnings per share. Sanmina’s robust balance sheet, with $642 million in cash and no outstanding borrowings, supports its strategic investments and shareholder returns, including a newly authorized $300 million share repurchase plan. Despite challenges in managing CPS segment margins and operating expenses, the overall outlook remains positive. BofA upgraded Sanmina to Neutral from Underperform, citing the company’s strong revenue growth and free cash flow expectations for FY25, which are anticipated to exceed $200 million. The upgrade reflects confidence in Sanmina’s ability to navigate market opportunities and deliver value to shareholders.

More about Sanmina-Sci

YTD Price Performance: 13.58%

Average Trading Volume: 405,908

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.66B

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Questions or Comments about the article? Write to editor@tipranks.com