Monday, 20 May 2024


Sanmina EVP sells over $390k in company stock By


San Jose, CA – In a recent transaction, Alan McWilliams Reid, the Executive Vice President of Global Human Resources at Sanmina Corp (NASDAQ:SANM), sold a significant amount of company stock, according to the latest regulatory filings. The executive parted with a total of 6,000 shares over two consecutive days, with the transactions valued at over $390,000.

On May 14, 2024, Reid sold 3,528 shares at a price of $65.43 each. The following day, he continued by offloading another 2,472 shares, this time at a slightly higher price of $66.37 per share. The total sale amounted to approximately $394,903, as per the provided calculations. It should be noted that all shares were sold at exact prices, as indicated by the footnotes in the filing.

The transactions have adjusted Reid’s holdings in Sanmina Corp, but the exact post-transaction share ownership was not detailed in the summary provided.

Investors often monitor insider sales as they may provide insights into an executive’s perspective on the company’s current valuation or future prospects. However, it is also common for executives to sell shares for personal financial planning, unrelated to their outlook on the company’s performance.

Sanmina Corp, headquartered in San Jose, California, specializes in manufacturing printed circuit boards and is a key player in the electronics manufacturing services industry. The company’s stock performance and insider transactions are closely watched by investors seeking to understand market trends and company health.

For those looking to follow up on the exact details of the transactions, the full filing is available on the SEC’s website under the form type 4 for Alan McWilliams Reid.

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InvestingPro Insights

In light of the recent insider transactions at Sanmina Corp (NASDAQ:SANM), investors may find the following metrics and insights from InvestingPro valuable for a deeper understanding of the company’s financial health and market performance. Sanmina Corp’s market capitalization stands at a robust $3.66 billion, reflecting its significant presence in the electronics manufacturing services industry.

The company’s Price-to-Earnings (P/E) ratio, a key indicator of market expectations of growth and profitability, is currently at 15.13. This has slightly adjusted in the last twelve months as of Q2 2024, with the P/E ratio at 14.3, suggesting a somewhat more favorable view of the…

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