Insider Heat: The SVP & Corp Controller of Sanmina Corp (NASDAQ:SANM), David Anderson Unloaded 20,219 Shares

November 23, 2016 - By Hazel Jackson

Insider Heat: The SVP & Corp Controller of Sanmina Corp (NASDAQ:SANM), David Anderson Unloaded 20,219 Shares

David Anderson Insider Sell

David Anderson is the SVP & Corp Controller of Sanmina Corp. He recently unloaded 20,219 shares in the Pinksheet-listed company with the sale value totalling approximately $639,662 U.S. Dollars. The number is based on the transaction provided price of $31.6 for each share. Now, David Anderson holds 17,000 shares or 0.02% of Sanmina Corp’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. On Tuesday, January 26 the stock rating was upgraded by Citigroup to “Neutral”. The rating was downgraded by Citigroup to “Sell” on Friday, October 23. RBC Capital Markets upgraded Sanmina Corp (NASDAQ:SANM) on Wednesday, January 20 to “Sector Perform” rating. The firm has “Underperform” rating given on Tuesday, November 3 by RBC Capital Markets. On Monday, October 31 the stock rating was downgraded by Cross Research to “Hold”. On Tuesday, July 21 the stock rating was upgraded by Longbow to “Neutral”. The stock has “Hold” rating given by Craig Hallum on Tuesday, July 26. RBC Capital Markets maintained it with “Sector Perform” rating and $19 target price in Tuesday, January 26 report. On Tuesday, September 22 the stock rating was downgraded by Zacks to “Hold”. The stock of Sanmina Corp (NASDAQ:SANM) has “Buy” rating given on Wednesday, November 2 by Needham.

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.20, from 0.95 in 2016Q1. The ratio increased, 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.

Matarin Management Ltd Limited Liability Company holds 44,898 shares or 0% of its portfolio. Bridgeway Cap Management Inc last reported 437,500 shares in the company. Herndon Cap Management Lc accumulated 0% or 273 shares. Evanston Invests Incorporated Dba Evanston Advisors holds 118,963 shares or 1.04% of its portfolio. Calvert Invest Mngmt reported 117,871 shares or 0.16% of all its holdings. Fuller & Thaler Asset Management reported 1,500 shares or 0% of all its holdings. Hillsdale Management Incorporated has invested 0.15% of its portfolio in Sanmina Corp (NASDAQ:SANM). Denali Advsr Lc last reported 147 shares in the company. Invesco Ltd, a Georgia-based fund reported 430,881 shares. Clarivest Asset holds 110,010 shares or 0.09% of its portfolio. Meeder Asset Inc has invested 0.07% of its portfolio in Sanmina Corp (NASDAQ:SANM). Dreman Value Mgmt L L C has 8,549 shares for 0.14% of their US portfolio. The California-based California State Teachers Retirement Sys has invested 0.01% in Sanmina Corp (NASDAQ:SANM). Moreover, Whittier Tru Co Of Nevada has 0% invested in Sanmina Corp (NASDAQ:SANM) for 40 shares. The Massachusetts-based Grantham Mayo Van Otterloo & Lc has invested 0.04% in Sanmina Corp (NASDAQ:SANM).

Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 8 sales for $9.13 million net activity. The insider REID ALAN McWILLIAMS sold 10,000 shares worth $264,500. 23,933 shares were sold by BONKE NEIL R, worth $686,882. $1.54 million worth of Sanmina Corp (NASDAQ:SANM) was sold by SOLA JURE on Tuesday, August 9. Shares for $350,382 were sold by Goldsberry John on Monday, August 29. Another trade for 4,000 shares valued at $104,216 was sold by SHORTRIDGE WAYNE. WARD JACKIE M sold $614,579 worth of stock or 19,387 shares. 109,754 Sanmina Corp (NASDAQ:SANM) shares with value of $3.32 million 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 $48.47 million 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>