Reid Alan McWilliams, Executive Vice President of Global Human Resources at Sanmina Corp. (NASDAQ:SANM), a $4.8 billion electronic equipment manufacturer whose stock has surged 51% over the past year and is currently trading near its 52-week high of $91.12, recently sold a portion of his holdings in the company. According to a regulatory filing, McWilliams sold 4,332 shares of Sanmina common stock on February 19, 2025, at a price of $90.81 per share. The transaction totaled approximately $393,388. Following this sale, McWilliams retains ownership of 30,500 shares in the company. The shares were sold at an exact price, as noted in the filing. InvestingPro analysis indicates the stock is currently overbought, with technical indicators suggesting potential price resistance. For detailed valuation metrics and 16 additional key insights about Sanmina, explore InvestingPro’s comprehensive research report.
In other recent news, Sanmina Corporation reported its Q1 2025 earnings, meeting analyst expectations with an earnings per share (EPS) of $1.44. The company’s revenue for the quarter reached $2.01 billion, slightly surpassing forecasts and marking a 7% year-over-year increase. Despite these results, Sanmina’s stock experienced a 1.1% decline in aftermarket trading. The company has projected high single-digit revenue growth for fiscal 2025, with EPS expected to grow faster than revenue. Sanmina also announced a new $300 million share repurchase authorization, highlighting its commitment to returning capital to shareholders. Analysts from firms like Bank of America (NYSE:BAC) noted the company’s diversification across key markets such as industrial, energy, medical, and cloud infrastructure. Sanmina continues to invest in cloud infrastructure capabilities, which contributed to a 19% year-over-year growth in the communications networks and cloud infrastructure end markets. The company remains focused on margin expansion and earnings growth, emphasizing its strategic investments in high-performance networks and cloud infrastructure.
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