New insider activity at Sanmina-Sci ( (SANM) ) has taken place on February 21, 2025.
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Alan Mcwilliams Reid, the Executive Vice President of Global Human Resources at Sanmina-Sci, made a significant move by selling 4,332 shares of the company’s stock. This transaction brought in a total of $393,388.
Recent Updates on SANM stock
Sanmina-Sci recently reported strong financial results for Q1 of fiscal year 2025, with a revenue of $2.01 billion, marking a 7% year-over-year increase, driven by significant growth in the communications networks and cloud infrastructure segments. The company improved its non-GAAP financial metrics, including a gross margin rise to 9.0% and a 10.8% increase in non-GAAP diluted EPS. Sanmina’s robust balance sheet, featuring $642 million in cash, and its strategic focus on shareholder returns through a $300 million share repurchase program, underpin its financial health and future investment capacity. Despite challenges in CPS segment margins and slightly higher operating expenses, the company’s strategic adjustments and promising forward-looking guidance, including projected Q2 revenue of $1.9 to $2.0 billion, indicate a positive outlook. Following these results, BofA upgraded Sanmina’s rating, fueled by the company’s strong free cash flow projections and consistent capital returns.
More about Sanmina-Sci
YTD Price Performance: 19.94%
Average Trading Volume: 405,769
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.9B