SANM - Insider Selling: McWILLIAMS ALAN REID Unloads $394K Of Sanmina Stock | Benzinga
McWILLIAMS ALAN REID, EVP at Sanmina (NASDAQ:SANM), disclosed an insider sell on May 16, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, REID sold 6,000 shares of Sanmina. The total transaction value is $394,903.
As of Friday morning, Sanmina shares are down by 0.0%, currently priced at $65.76.
Discovering Sanmina: A Closer Look
Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense and aerospace end markets. The company operates in two business segments: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue primarily in the United States, China, and Mexico, but has a presence around the world.
Sanmina: A Financial Overview
Negative Revenue Trend: Examining Sanmina's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -20.93% in revenue growth, reflecting a decrease in top-line earnings. When compared to ...