Jackson Creek Investment Advisors LLC Makes New Investment in Sanmina Corporation (NASDAQ:SANM)

Jackson Creek Investment Advisors LLC acquired a new position in Sanmina Corporation (NASDAQ:SANM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,452 shares of the electronics maker's stock, valued at approximately $1,482,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SANM. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sanmina in the 4th quarter valued at about $90,000. CWM LLC lifted its stake in shares of Sanmina by 26.1% in the 1st quarter. CWM LLC now owns 1,466 shares of the electronics maker's stock valued at $112,000 after purchasing an additional 303 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Sanmina by 843.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock valued at $131,000 after purchasing an additional 1,543 shares during the period. GAMMA Investing LLC increased its position in Sanmina by 34.1% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock valued at $131,000 after buying an additional 437 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Sanmina by 15.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,542 shares of the electronics maker's stock valued at $194,000 after buying an additional 342 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Price Performance

Shares of SANM traded down $0.96 during midday trading on Friday, hitting $103.65. 23,170 shares of the company traded hands, compared to its average volume of 421,411. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 1.96. Sanmina Corporation has a 52 week low of $61.52 and a 52 week high of $107.03. The firm has a 50 day moving average of $91.41 and a 200-day moving average of $83.66. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.60 and a beta of 1.17.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.03. Sanmina had a net margin of 3.09% and a return on equity of 10.84%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts forecast that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on SANM shares. Bank of America boosted their target price on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.

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