New insider activity at Sanmina-Sci ( (SANM) ) has taken place on February 7, 2025.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Alan Mcwilliams Reid, the Executive Vice President of Global Human Resources at Sanmina-Sci, sold 2,219 shares of the company’s stock, totaling $193,740. Meanwhile, Eugene Delaney, the Executive Vice President of Product and Business Operations, sold 11,712 shares, amounting to $984,042.
Recent Updates on SANM stock
Sanmina-Sci’s recent developments have been positively received by the market, as evidenced by a 3.8% increase in stock price following the release of its Q1 earnings report. The company demonstrated robust financial performance with a 7% year-over-year revenue growth driven by strong results in the communications networks and cloud infrastructure segments. Sanmina’s balance sheet remains strong with substantial liquidity, and the company’s decision to authorize an additional $300 million for share repurchases underscores its confidence in future prospects. The upgrade by BofA to Neutral from Underperform, along with an increased price target, was influenced by the company’s better-than-expected revenue growth and strong free cash flow projections for fiscal year 2025, as the communications end market recovers from an inventory correction.
More about Sanmina-Sci
YTD Price Performance: 15.75%
Average Trading Volume: 394,203
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.75B