CEO Sells $27.1M in Shares Amidst Strong Performance and Buyback Program
SANM has more than doubled off its 52-week low of $78.43.
Summary
Chairman & CEO Jure Sola sold over $27 million worth of common stock, following the company's strong Q2 results and a new share repurchase program, with the stock trading near its 52-week high.
Key Events · Ownership and Investor Activity · SANM
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CEO Executes Significant Stock Sale
Chairman & CEO Jure Sola sold 118,368 shares of common stock for a total value of $27,087,333 on May 6, 2026, at an average price of $228.84 per share.
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Follows Recent Form 144 Filing
This transaction executes the intent to sell shares previously indicated in a Form 144 filed by Mr. Sola on May 6, 2026.
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Sale Amidst Positive Company News
The sale occurs shortly after Sanmina reported robust Q2 fiscal 2026 results and authorized a new $600 million share repurchase program, with the stock trading near its 52-week high.
Analysis · SANM · Manufacturing
Chairman & CEO Jure Sola executed a significant open market sale of 118,368 shares, totaling over $27 million. This transaction follows a Form 144 filing on the same date, indicating the intent to sell. The sale occurs shortly after Sanmina reported robust Q2 fiscal 2026 results and authorized a new $600 million share repurchase program, with the stock trading near its 52-week high. While the company is actively buying back shares, a substantial sale by the CEO could be interpreted as a signal to lock in gains, potentially offsetting some of the positive sentiment from recent corporate actions.
At the time of this filing, SANM was trading at $248.35 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $13.3B. The 52-week trading range was $78.43 to $255.22. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.