Insider Holder Move: John Goldsberry, Sanmina Corp (NASDAQ:SANM)’s insider Sold 8,598 Shares

November 28, 2016 - By Richard Conner

Insider Holder Move: John Goldsberry, Sanmina Corp (NASDAQ:SANM)'s insider Sold 8,598 Shares

John Goldsberry Insider Sell

John Goldsberry, the well informed person, who’s the current director of Sanmina Corp sold approximately 8,598 shares of the company worth $281,034 US Dollars which is based on a market stock price of 32.7 US Dollars of a share. It seems he is very active lately as in the last 30 days, he silently unloaded additional 13,654 shares of the company, worth $434,426 USD. Full details about the deal dated 28/11/2016, could be found available in a document on the SEC website here. Currently, Mr. John, holds 29,505 shares, which accounts for 0.04% of Sanmina Corp’s 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 -17.35% below today’s ($33.15) stock price. Sanmina-SCI Corporation has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, November 2 by Needham. The firm has “Hold” rating given on Tuesday, July 26 by Craig Hallum. The rating was maintained by RBC Capital Markets with “Underperform” on Tuesday, November 3. The firm earned “Neutral” rating on Tuesday, January 26 by Citigroup. As per Tuesday, September 22, the company rating was downgraded by Zacks. The stock of Sanmina Corp (NASDAQ:SANM) has “Buy” rating given on Tuesday, April 26 by B. Riley & Co. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, August 3 report. The stock of Sanmina Corp (NASDAQ:SANM) earned “Neutral” rating by Longbow on Tuesday, July 21. The rating was upgraded by RBC Capital Markets on Wednesday, January 20 to “Sector Perform”. RBC Capital Markets maintained Sanmina Corp (NASDAQ:SANM) rating on Tuesday, January 26. RBC Capital Markets has “Sector Perform” rating and $19 price target.

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

Vident Inv Advisory holds 0.39% of its portfolio in Sanmina Corp (NASDAQ:SANM) for 102,735 shares. Loomis Sayles L P, a Massachusetts-based fund reported 442 shares. Creative Planning accumulated 676 shares or 0% of the stock. Bridgeway Management Inc holds 437,500 shares or 0.18% of its portfolio. American Inc has invested 0% of its portfolio in Sanmina Corp (NASDAQ:SANM). Royal Bank Of Canada holds 0% of its portfolio in Sanmina Corp (NASDAQ:SANM) for 37,363 shares. Alps Advisors accumulated 0% or 18,812 shares. Barclays Plc reported 187,355 shares or 0.01% of all its holdings. Ameriprise reported 751,724 shares or 0.01% of all its holdings. The Texas-based Petrus Tru Communication Lta has invested 0.06% in Sanmina Corp (NASDAQ:SANM). Macquarie Group Incorporated holds 0% or 59,300 shares in its portfolio. Pacific Heights Asset Management Limited Liability last reported 1.12% of its portfolio in the stock. Wellington Mngmt Llp, a Massachusetts-based fund reported 138,457 shares. Schwab Charles Inc last reported 0.01% of its portfolio in the stock. The Arizona-based Arizona State Retirement has invested 0.01% in Sanmina Corp (NASDAQ:SANM).

Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 12 insider sales for $11.06 million net activity. ANDERSON DAVID ROBERT had sold 20,219 shares worth $639,662. Shares for $686,882 were sold by BONKE NEIL R on Monday, November 7. $2.25 million worth of shares were sold by SOLA JURE on Thursday, November 17. On Wednesday, August 24 the insider REID ALAN McWILLIAMS sold $264,500. The insider SHORTRIDGE WAYNE sold 6,000 shares worth $190,413. Goldsberry John sold 13,178 shares worth $350,382. WARD JACKIE M sold 19,387 shares worth $614,579.

The stock closed at $33.15 during the last session. It is down 49.26% since April 25, 2016 and is uptrending. It has outperformed by 43.24% 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 $2.45 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 13.88 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 EPS, up 20.00% or $0.11 from last year’s $0.55 per share. SANM’s profit will be $48.78 million for 12.56 P/E if the $0.66 EPS becomes a reality. After $0.64 actual EPS 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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