Sanmina Corporation Stock Fair Value Calculator – Wedge Capital Management reduces holdings in Sanmina Corporation by nearly 20% in third quarter

🌥️Trending News

Sanmina Corporation ($NASDAQ:SANM) is a leading provider of integrated manufacturing solutions, components, and services to original equipment manufacturers (OEMs) in diverse industries such as communications, medical, defense, and automotive. The company offers a wide range of services including product design, material sourcing, printed circuit board assembly, system assembly, logistics, and after-market services. This decision is significant for several reasons. Its reduced holdings indicate a change in the firm’s investment strategy or outlook towards the company. This change could be due to various factors such as performance of the company, market conditions, or changes in the industry landscape. Secondly, Wedge Capital Management’s decision could also be seen as a reflection of the current state of the stock market. The third quarter of this year saw increased volatility in the stock market due to various economic and political events. This may have prompted the firm to reduce its holdings in Sanmina Corporation and reallocate its investments to other potentially more stable sectors. – Impact on Sanmina Corporation’s stock As a major investor, the firm’s actions can influence market sentiment towards the company. With its reduced holdings, there may be a decrease in demand for the company’s stock, leading to a decline in stock price.

However, it should be noted that while Wedge Capital Management has reduced its holdings, it still remains a significant investor in Sanmina Corporation. This indicates that Wedge Capital Management still has confidence in the company’s long-term prospects. Sanmina Corporation has a strong track record of growth and innovation, with a diverse customer base and a global presence. The company’s focus on expanding into new markets and investing in new technologies positions it for future success. However, with its strong fundamentals and promising future outlook, Sanmina Corporation remains a solid investment opportunity for long-term investors.

Analysis – Sanmina Corporation Stock Fair Value Calculator

Upon conducting a thorough analysis of SANMINA CORPORATION‘s financial and operational performance, we at GoodWhale have determined that the company is currently in a positive state of well-being. This conclusion is based on various factors, including the company’s profitability, growth potential, and market position. One key aspect that we looked at was the fair value of SANMINA CORPORATION’s shares. Using our proprietary Valuation Line, we calculated the fair value to be around $55.5 per share. This value takes into account the company’s earnings, growth prospects, and overall financial health. However, it is important to note that currently, SANMINA CORPORATION’s stock is trading at a higher price of $67.9 per share. This puts the stock at an overvalued position of 22.3% above its fair value. This means that investors are currently paying more for the stock than its actual worth. While an overvalued stock may seem like a red flag for some investors, it is important to also consider other factors such as the company’s performance and potential for future growth. In the case of SANMINA CORPORATION, despite being overvalued, the company has shown strong financial performance and has a solid market position. In conclusion, our analysis shows that SANMINA CORPORATION is in a good state of well-being, but its stock is currently overvalued. Investors should carefully consider all aspects before making any investment decisions regarding this stock. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sanmina Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sanmina Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sanmina Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Sanmina Corporation are shown below. More…

Peers

The company’s competitors include TT Electronics PLC, Frencken Group Ltd, and Elma Electronic AG.

– TT Electronics PLC ($LSE:TTG)

TT Electronics is a provider of advanced electronics solutions for the transportation, industrial, aerospace, and defence markets. The company has a market cap of 229M as of 2022 and a return on equity of 3.65%. TT Electronics designs, manufactures, and markets a range of electronic components, modules, and systems. Its products include sensors, actuators, and control systems. The company serves original equipment manufacturers and Tier 1 suppliers in the automotive, aerospace, defence, and industrial markets.

– Frencken Group Ltd ($SGX:E28)

Frencken Group Ltd is a Singapore-based investment holding company that, through its subsidiaries, is engaged in the design, manufacture, assembly and distribution of mechatronic products, and provision of engineering services. The Company’s segments include Mechatronic Products, which includes design, manufacture, assembly and distribution of mechatronic products; and Engineering Services, which includes provision of engineering services.

– Elma Electronic AG ($LTS:0QKS)

Elma Electronic AG is a publicly traded company with a market capitalization of 233.06M as of 2022. The company has a return on equity of 8.95%. Elma Electronic AG is a leading manufacturer of electronic packaging products and solutions. The company’s products are used in a variety of industries, including aerospace, defense, medical, and industrial. Elma Electronic AG’s products are designed to meet the most demanding requirements of its customers.

Summary

Wedge Capital Management L L P NC reduced their ownership stake in Sanmina Co. by almost 19% during the third quarter. This indicates that the company may not be performing as well as expected, causing some investors to re-evaluate their investments. It is important for investors to closely monitor the financial performance and market trends of companies they are invested in, in order to make informed decisions.

The decrease in ownership by Wedge Capital Management may also indicate a lack of confidence in the company’s future prospects. It is crucial for investors to conduct thorough analysis and stay up-to-date on any changes in a company’s performance before making investment decisions.