Insder Trading Filing: John Goldsberry, Sanmina Corp (NASDAQ:SANM)’s insider Unloaded 13,654 Shares

November 23, 2016 - By Darrin Black

Insder Trading Filing: John Goldsberry, Sanmina Corp (NASDAQ:SANM)'s insider Unloaded 13,654 Shares

John Goldsberry Insider Sell

John Goldsberry, an insider and also director of the big company Sanmina Corp made trade. He unloaded 13,654 shares of the corporation with the transaction having an approx. value of $434,426 U.S. Dollars – based on an average price of $31.8 per share. The regulatory filing shows that John Goldsberry now has in hand about 0.04% of the California-based company’s total market cap

Sanmina Corp (NASDAQ:SANM) Ratings Coverage

Out of 10 analysts covering Sanmina-SCI Corporation (NASDAQ:SANM), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. $33 is the highest target while $18 is the lowest. The $27.40 average target is -16.84% below today’s ($32.95) stock price. Sanmina-SCI Corporation has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Sanmina Corp (NASDAQ:SANM) rating on Tuesday, January 26. RBC Capital Markets has “Sector Perform” rating and $19 price target. The stock has “Hold” rating given by Zacks on Tuesday, September 22. The firm earned “Hold” rating on Tuesday, July 26 by Craig Hallum. Longbow upgraded the stock to “Neutral” rating in Tuesday, July 21 report. The stock has “Neutral” rating given by Goldman Sachs on Thursday, October 22. Goldman Sachs downgraded Sanmina Corp (NASDAQ:SANM) on Monday, August 3 to “Neutral” rating. The company was upgraded on Wednesday, January 20 by RBC Capital Markets. On Wednesday, November 2 the stock rating was maintained by Needham with “Buy”. The stock of Sanmina Corp (NASDAQ:SANM) has “Underperform” rating given on Tuesday, November 3 by RBC Capital Markets. B. Riley & Co initiated the stock with “Buy” rating in Friday, December 4 report.

Insitutional Activity: The institutional sentiment increased to 1.15 in Q2 2016. Its up 0.20, from 0.95 in 2016Q1. The ratio is positive, as 16 funds sold all Sanmina Corp shares owned while 94 reduced positions. 40 funds bought stakes while 65 increased positions. They now own 67.20 million shares or 9.03% less from 73.86 million shares in 2016Q1.

Evanston Invests Dba Evanston Advisors last reported 118,963 shares in the company. Quantbot Tech Ltd Partnership reported 1,839 shares or 0.01% of all its holdings. Gsa Prtnrs Llp has invested 0.06% of its portfolio in Sanmina Corp (NASDAQ:SANM). Hsbc Public Limited Liability Co holds 0% or 38,228 shares in its portfolio. Thompson Davis & accumulated 0.04% or 1,017 shares. Victory Capital Mgmt holds 0% or 3,021 shares in its portfolio. Walleye Trading Ltd Llc accumulated 0% or 9,220 shares. Ameriprise Inc accumulated 751,724 shares or 0.01% of the stock. Natl Bank Of Mellon last reported 924,967 shares in the company. Kennedy Management last reported 0.14% of its portfolio in the stock. First Trust Advsrs L P reported 85,258 shares or 0.01% of all its holdings. Piedmont Investment Advsrs Ltd Company accumulated 113 shares or 0% of the stock. First Personal Financial has invested 0% of its portfolio in Sanmina Corp (NASDAQ:SANM). Bluecrest Capital Mngmt holds 0.01% or 9,612 shares in its portfolio. Impact Limited Liability Company owns 36,700 shares or 0.46% of their US portfolio.

Insider Transactions: Since August 9, 2016, the stock had 0 insider purchases, and 8 insider sales for $9.13 million net activity. $2.25M worth of Sanmina Corp (NASDAQ:SANM) shares were sold by SOLA JURE. $104,216 worth of Sanmina Corp (NASDAQ:SANM) was sold by SHORTRIDGE WAYNE. 13,178 Sanmina Corp (NASDAQ:SANM) shares with value of $350,382 were sold by Goldsberry John. REID ALAN McWILLIAMS sold $264,500 worth of stock or 10,000 shares. The insider WARD JACKIE M sold $614,579. BONKE NEIL R had sold 23,933 shares worth $686,882 on Monday, November 7. Shares for $3.32M were sold by EULAU ROBERT K.

The stock increased 3.78% or $1.2 during the last trading session, hitting $32.95. About 538,466 shares traded hands. Sanmina Corp (NASDAQ:SANM) has risen 45.04% since April 21, 2016 and is uptrending. It has outperformed by 39.71% the S&P500.

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The company has a market cap of $2.42 billion. The Firm provides these offerings primarily to original equipment manufacturers , in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries. It has a 13.8 P/E ratio. The Company’s activities are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS).

According to Zacks Investment Research, “Sanmina Corporation is engaged in providing electronics contract manufacturing services. It focuses on engineering and fabricating complex components and also on providing complete end-to-end supply chain solutions to Original Equipment Manufacturers. The Company’s services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test; direct order fulfillment and logistics services, and after-market product service and support. Sanmina Corporation, formerly known as Sanmina-SCI Corp., is based in San Jose, California.”

Analysts await Sanmina Corp (NASDAQ:SANM) to report earnings on January, 23. They expect $0.66 earnings per share, up 20.00% or $0.11 from last year’s $0.55 per share. SANM’s profit will be $48.47M for 12.48 P/E if the $0.66 EPS becomes a reality. After $0.64 actual earnings per share reported by Sanmina Corp for the previous quarter, Wall Street now forecasts 3.13% EPS growth.

More important recent Sanmina Corp (NASDAQ:SANM) news were published by: Fool.com which released: “Why Sanmina Corp. Stock Plunged Today” on July 26, 2016, also Marketwatch.com published article titled: “Sanmina Corp. NASDAQ: SANM”, Quotes.Wsj.com published: “News Sanmina Corp.SANM” on February 11, 2011. More interesting news about Sanmina Corp (NASDAQ:SANM) was released by: Fool.com and their article: “Why Sanmina Corp. Jumped 20% Tuesday” with publication date: November 03, 2015.

SANM Company Profile

Sanmina Corporation, incorporated on May 9, 1989, is a well-known provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Firm provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries. The Company’s activities are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The Company’s services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test, direct order fulfillment and logistics services, and after-market product service and support, and global supply chain management.

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