The EC of Sanmina-Sci is Exercising Options
Yesterday it was reported that the EC of Sanmina-Sci (SANM), Jure Sola, exercised options to sell 4,884 SANM shares at $11.23 a share, for a total transaction value of $146.8K.
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The company has a one-year high of $34.96 and a one-year low of $18.34. Currently, Sanmina-Sci has an average volume of 414.83K. SANM’s market cap is $2.03 billion and the company has a P/E ratio of 19.70.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $36.50, reflecting a -18.7% downside.
The insider sentiment on Sanmina-Sci has been negative according to 39 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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) segment. The IMS segment consists of printed circuit board assembly and test, final system assembly and test, and direct-order-fulfillment. The CPS segment includes interconnect systems and mechanical systems. The company was founded by Jure Sola in 1980 and is headquartered in San Jose, CA.