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SANM SANMINA CORP

Last updated: Mar 16, 2026

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Execution Consistency

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q2 2024: $13M, Q1 2024: $8M, Q3 2023: $124M, Q2 2023: $113M

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Execution Acceleration

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $13M vs trailing avg $82M (-84%)

Buyback vs FCF

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-99M), cannot compute buyback ratio

Buyback Intensity

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Insider Buying

Are officers and directors buying stock with their own money on the open market?

1 open-market purchase by Loparco Michael J

  • Loparco Michael J () bought 700 shares at $142.46 on 2026-01-30
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Insider-Buyback Convergence

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

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Insider Net Direction

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $5M (net selling)

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Red Flag

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 49.8x more than bought. 1 C-suite officers among sellers

  • Faust Jonathan P (EVP & CFO) sold 10,075 shares on 2026-02-24