Sanmina Corp (SANM): Wayne Shortridge , director of Sanmina Corp sold 6,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $24.62 per share for a total value of $147,730.80 , 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, Alan Mcwilliams Reid (EVP, Global Human Resources) sold 4,362 shares at $23.96 per share price.On May 5, 2016, John Goldsberry (director) sold 11,047 shares at $24.05 per share price.Also, On Feb 26, 2016, Wayne Shortridge (director) sold 3,000 shares at $20.28 per share price.On Nov 25, 2015, David Robert Anderson (SVP & Corp Controller) sold 19,576 shares at $23.05 per share price.
Sanmina Corp: On Tuesday, May 10, 2016 heightened volatility was witnessed in Sanmina Corp which led to swings in the share price. The shares opened for trading at $24.46 and hit $24.67 on the upside , eventually ending the session at $24.64, with a gain of 1.36% or 0.33 points. The heightened volatility saw the trading volume jump to 5,86,106 shares. The 52-week high of the share price is $25.64 and the company has a market cap of $1,814 M . The 52-week low of the share price is at $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.