Sanmina director Mario Rosati sells $979,831 in stock

SAN JOSE, CA—Mario M. Rosati, a director at Sanmina Corp (NASDAQ:SANM), a prominent player in the Electronic Equipment industry with a market capitalization of $4.6 billion, recently sold a significant portion of his holdings in the company. The stock has shown strong momentum, delivering a 40% return over the past year. On February 21, Rosati sold 11,391 shares of common stock at a weighted average price of $86.018 per share, totaling approximately $979,831. After this transaction, Rosati retains direct ownership of 80,295 shares.

Additionally, Rosati holds an indirect interest through the Mario M. Rosati Retirement Trust, which consists of 1,500 shares. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, reflecting Rosati’s ongoing engagement with his investments in the company.

In other recent news, Sanmina Corporation announced its first-quarter earnings for fiscal year 2025, meeting analyst expectations with an earnings per share (EPS) of $1.44. The company reported revenue of $2.01 billion, slightly exceeding forecasts and reflecting a 7% year-over-year increase. Notably, Sanmina continues to invest in cloud infrastructure capabilities, which contributed to its stable performance. Analysts from Bank of America noted the company’s strategic capital allocation, including a new $300 million share repurchase authorization. Despite these positive financial 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 expectations for EPS to grow faster than revenue. Sanmina’s CEO, Yuri Sola, emphasized the company’s focus on maximizing shareholder value and maintaining a diverse market presence. Additionally, the company has been reducing inventory levels, which decreased by approximately 5% year-over-year.

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