The EVP & CFO of Sanmina-Sci Corp is Exercising Options


Today it was reported that the EVP & CFO of Sanmina-Sci Corp (SANM), David Robert Anderson, exercised options to sell 14,167 SANM shares at $21.94 a share, for a total transaction value of $451.8K.

Following David Robert Anderson’s last SANM Sell transaction on November 21, 2018, the stock climbed by 6.1%. In addition to David Robert Anderson, one other SANM executive reported Sell trades in the last month.

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Based on Sanmina-Sci Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.19 billion and quarterly net profit of $37.95 million. In comparison, last year the company earned revenue of $1.74 billion and had a GAAP net loss of $155 million. SANM’s market cap is $2.21B and the company has a P/E ratio of 22.90. Currently, Sanmina-Sci Corp has an average volume of 331.7K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $36.00, reflecting a 10.7% upside.

In the last 30 days, insiders have sold $451.8K worth of SANM shares and purchased $3,000 worth of SANM shares.

David Robert Anderson’s trades have generated a -17.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics, and after-market services. It operates through the Integrated Manufacturing Solutions (IMS); and Components, Products, and Services (CPS) segments.

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