Susan A. Johnson, a director at Sanmina Corp (NASDAQ:SANM), recently sold 625 shares of the company's common stock. The electronic equipment manufacturer has demonstrated strong performance, with shares up nearly 56% year-to-date and currently trading near its 52-week high of $86.05. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score. The shares were sold at a price of $79.48 each, amounting to a total transaction value of $49,675. Following this transaction, Johnson holds 8,206 shares of Sanmina stock. The sale was executed under a pre-arranged trading plan. While management has been actively buying back shares, InvestingPro subscribers can access 10+ additional exclusive insights about Sanmina's insider trading patterns and financial health indicators through the comprehensive Pro Research Report.
In other recent news, Sanmina Corporation reported robust Q4 results, with revenues reaching $2.02 billion, surpassing the expected range of $1.9 billion to $2.0 billion. The company's non-GAAP earnings per share (EPS) also exceeded forecasts at $1.43, compared to the anticipated $1.30 to $1.40. Sanmina closed the fiscal year with a strong balance sheet, including $626 million in cash and no outstanding debt.
In leadership changes, Sanmina appointed a new Global Controller, reflecting the company's commitment to maintaining a strong leadership structure. The company also has a positive outlook for fiscal 2025, expecting high-single-digit revenue growth driven by diversified markets and new programs.
Sanmina's partnership with Reliance Industries (NS:RELI) in India continues to progress well, with the joint venture aiming to capitalize on growth opportunities in India. The company has also been investing in AI to enhance manufacturing efficiency and supply chain operations. Despite a decline in the cloud segment's revenue, management maintains a positive outlook for the sector's recovery. These are the recent developments in Sanmina Corporation.
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