The EC of Sanmina-Sci Corp (NASDAQ: SANM) is Buying Shares

By Carrie Williams

Yesterday, the EC of Sanmina-Sci Corp (NASDAQ: SANM), Jure Sola, bought shares of SANM for $1.49M.

Following this transaction Jure Sola’s holding in the company was increased by 11.42% to a total of $41.46 million.

Based on Sanmina-Sci Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.76 billion and quarterly net profit of $25.85 million. In comparison, last year the company earned revenue of $1.67 billion and had a net profit of $101 million. The company has a one-year high of $42.95 and a one-year low of $30.81. SANM’s market cap is $2.56B and the company has a P/E ratio of 18.99.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $42.67, reflecting a -20.3% downside. Eight different firms, including Argus Research and B.Riley FBR, currently also have a Buy rating on the stock.

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Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics, and after-market services. It operates through the Integrated Manufacturing Solutions (IMS); and Components, Products, and Services (CPS) segments.