Sanmina Corp (SANM): Alan Mcwilliams Reid , EVP, Global Human Resources of Sanmina Corp sold 4,362 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $23.96 per share for a total value of $104,520.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, John Goldsberry (director) sold 11,047 shares at $24.05 per share price.On Feb 26, 2016, Wayne Shortridge (director) sold 3,000 shares at $20.28 per share price.Also, On Nov 25, 2015, David Robert Anderson (SVP & Corp Controller) sold 19,576 shares at $23.05 per share price.On Nov 25, 2015, Alan Mcwilliams Reid (EVP, Global Human Resources) sold 5,000 shares at $22.76 per share price.
Shares of Sanmina Corp (SANM) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.87% at $23.95 with 4,74,829 shares getting traded. Post opening the session at $23.95, the shares hit an intraday low of $23.83 and an intraday high of $24.3 and the price vacillated in this range throughout the day. The company has a market cap of $1,764 M and the number of outstanding shares has been calculated to be 7,36,32,621 shares. The 52-week high of Sanmina Corp is $25.64 and the 52-week low is $16.31.
Company has been under the radar of several Street Analysts.Sanmina Corp is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 25 from a previous price target of $22 .The Rating was issued on Apr 26, 2016.
Sanmina Corporation is a provider of integrated manufacturing solutions components products and repair logistics and after-market services. The Company 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. Its operations are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components Products and Services (CPS). The Companys 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.