On July 31, 2024, Eugene Delaney, Director at Sanmina Corp (NASDAQ:SANM), executed a sale of 8,688 shares of the company. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 92,199 shares of Sanmina Corp.

Sanmina Corp specializes in integrated manufacturing solutions, making it one of the leading electronics manufacturing services providers globally. The company's services range from product design and engineering to logistics and repair services, catering to clients in the technology sector.

Over the past year, Eugene Delaney has sold a total of 25,833 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within Sanmina Corp, where there have been 16 insider sells and no insider buys over the past year.

On the date of the sale, shares of Sanmina Corp were priced at $74.83, resulting in a market cap of approximately $3.97 billion. The company's price-earnings ratio stands at 18.84, which is below the industry median of 23.35, indicating a potentially lower valuation relative to its peers.

Despite the lower price-earnings ratio, Sanmina Corp is considered significantly overvalued based on the GF Value, with a price-to-GF-Value ratio of 1.4. The GF Value, a measure of intrinsic value, suggests that the stock's current price is higher than its estimated fair value of $53.34, factoring in historical trading multiples, an adjustment based on past performance, and future business projections.

This insider sale might draw the attention of investors tracking insider behaviors, especially considering the stock's valuation relative to its GF Value.

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