Sanmina Corporation

Sanmina Corporation

Sanmina Corporation

Overview
Date Founded

1989

Headquarters

2700 NORTH FIRST STREET, SAN JOSE, CA, 95134

Type of Company

Public

Employees (Worldwide)

37K

Industries

Electrical Products
Appliances & Electronics
Industrial Machinery & Manufacturing

Company Description

Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It operates through the following segments: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The IMS segment consists of printed circuit board assembly and test, final system assembly and test and direct-order-fulfillment. The CPS segment includes interconnect systems and mechanical systems. The company was founded by Jure Sola in 1980 and is headquartered in San Jose, CA.

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Executives & Employees

Co-Founder

Executive Vice President & Chief Financial Officer

President-Components Technology

Principal Accounting Officer & Controller

Executive Vice President, Global Human Resources

Executive Vice President, Worldwide Sales & Marketing

Owner Partner

Chief Operating Officer

Board of Directors

Partner at Wilson Sonsini Goodrich & Rosati PC

Former Executive Partner at Siris Capital

Owner & Principal at Hajime LLC

Former Executive Vice President-Product & Business Operations at Motorola Solutions, Inc.

Former Chief Financial Officer at TPI Composites, Inc.

Former Non-Executive Chair at Anthem, Inc.

Managing Partner-Private Equity at BlueArc Capital Management, LLC

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Owners & Shareholders
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EARNEST Partners is an institutional investment firm with a global network that we believe enables us to see and to seize opportunities that other investors overlook or cannot access. The firm manages approximately $20 billion in assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations, endowments and sovereign wealth funds. We also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. In addition to our separate account business, EARNEST Partners is the sole subadvisor for the Hancock Horizon Diversified International Fund, the Touchstone Total Return Bond Fund and the Harbor Small Cap Value Fund. The Firm manages Approximately $20 Billion in assets for clients around the world. Local Touch We are fundamental, bottom-up investors; our investment decisions focus on the merits of individual securities. We believe the best investment decisions are thoughtfully distilled from a pool of expertise, and we are pleased to offer our clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting our investments. As a component of our due diligence process, investment team members regularly perform company visits across the Americas, the Asia Pacific region, Western and Eastern Europe, the Middle East and the Sub-continent. Collectively, EARNEST Partners' stakeholders have lived and worked in dozens of countries, and are fluent in the language, commerce and culture of diverse economies that represent a significant portion of the world's economic value and future growth. We believe that identifying the most attractive investment opportunities takes the proper focus: a global focus.

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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm believes that while stock markets are efficient most of the time, behavioral anomalies can arise under certain circumstances, resulting in exploitable mispricing opportunities. FTAM’s strategies primarily invest in US listed companies and are a long only or a long/short strategy and may employ futures, ETFs and leverage. Their investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, mid-cap value, micro-cap, low volatility behavioral equity market neutral and behavioral unconstrained equity.

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Sadoff Investment Management seeks to sustain superior long-term rates of returns for their clients while reducing risk. The firm customizes their strategies to meet each client's investment objectives and risk tolerance. Sadoff closely monitors the policies and actions of the Federal Reserve Board and they watch inflationary pressures to determine the level and direction of risk. They invest in industries that are breaking out of multi-year downtrends, undervalued, where earnings are beating estimates and insiders are buying, or corporate buybacks are occurring.Sadoff's stock selection process involves several main characteristics. The firm screens industries because the majority of the stock prices in an industry advance and decline in unison, thus demonstrating the same price pattern. They look for the majority of the stocks in an industry to exhibit a well-defined, 5- to 20-year downtrend. Sadoff then watches for the majority of the stocks in this industry to breakout from this well-defined, long-term downtrend on increasing volume. They look for other factors that often validate this turnaround, such as new management; write-offs; layoffs; and a new focus. The result for these companies is often a dramatic turnaround. Sadoff searches for industries breaking out of downtrends because they are typically undervalued, with low price-earnings ratios and favorable book values, etc. They also look for the majority of the stocks within an industry to report earnings that are better than estimates. Sadoff looks for an industry in which insiders are buying, employees have significant ownership, the corporation is repurchasing its own shares and/or buyouts are occurring in the industry.Once they have verified these characteristics, Sadoff's strategy is to select stocks from within their focus industries that represent well-managed industry leaders, at attractive valuations with excellent growth potential. They may buy and hold solid, interest-rate-sensitive companies for their growth and balanced portfolios. For each client, they maintain a diversified low-turnover portfolio, which further reduces risk.In addition to all stock portfolios, Sadoff manages balanced portfolios that are customized to match your specific investment objectives. For clients who seek income and/or reduced risk; Sadoff invests in more high-quality, income-producing and less-volatile financial instruments, with the balance being invested in stocks for growth.For the fixed income portion of the portfolio Sadoff may buy corporate bonds, Treasury bonds, municipal bonds, quality utility stocks, preferred stocks and/or high-dividend paying stocks.

Recent Transactions
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Sanmina Corporation purchases MPSTOR Ltd. from Enterprise Ireland, Kernel Management Partners Ltd., Infinity Capital Limited

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Sanmina Corporation purchases BreconRidge Corp. from EdgeStone Capital Partners, Inc.

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Viavi Solutions, Inc. purchases Sanmina-SCI Corp. /Shenzhen China Manufacturing Ops from Sanmina Corporation

Insider Transactions
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Transaction Advisors
Accountant

Advised onSanmina Corporation purchases SCI Systems, Inc.

Legal Advisor

Advised onSanmina Corporation purchases SCI Systems, Inc.

Accountant

Advised onSanmina Corporation purchases Pentex-Schweizer Circuits Ltd.

Legal Advisor

Advised onSanmina Corporation purchases BreconRidge Corp. from EdgeStone Capital Partners, Inc.

Legal Advisor

Advised onSanmina Corporation purchases BreconRidge Corp. from EdgeStone Capital Partners, Inc.

Legal Advisor

Advised onSanmina Corporation purchases BreconRidge Corp. from EdgeStone Capital Partners, Inc.

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Advisor

Former Chief Executive Officer & Director at Sanmina Corporation

Clients

Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System(EOS) a set of network applications and Ethernet switching and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.

EchoStar Corp. engages in the design, development, and distribution of digital set-top boxes and products for direct-to-home satellite service providers. It operates through the following business segments: Hughes, and EchoStar Satellite Services. The Hughes segment provides broadband satellite technologies and broadband services to home and small office customers and network technologies, managed services, and communication solutions. The ESS segment owns and leases in-orbit satellites and licenses to lease capacity on a full time and occasional use. The company was founded by Charlie William Ergen, Candy Ergen, and James DeFranco in 1980 and is headquartered in Englewood, CO.

HP Inc. enages in the provision of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It operates through following business segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services for the commercial and consumer markets. The Printing segment gives consumer and commercial printer hardware, supplies, solutions and services,and scanning devices. The Corporate Investments segment includes HP Labs and certain business incubation projects. The company was founded by William R. Hewlett and David Packard in 1939 and is headquartered in Palo Alto, CA.

Key Stats and Financials As of 2020
Market Capitalization
$2.27B
Total Enterprise Value
$1.8B
Earnings Per Share
$1.97
Revenue
$6.96B
Net Profit
$140M
EBITDA
$376M
EBITDAMargin
5.41%
Total Debt
$402M
Total Equity
$1.63B
Enterprise Value / Sales
0.26x
TEVNet Income
12.89x
Debt TEV
0.22x
Enterprise Value EBITDAOperating
4.64x
Three Year Compounded Annual Growth Rate Of Revenue
0.44%
Non-Profit Donations & Grants
$10K - $20K
2019
$1,000 - $4,999
2017
Investments
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Infinity Security Solutions, Inc. developed and marketed network security solutions. The firm provided TruePerform, a gigabit firewall that allows companies to properly secure traffic without degrading performance. The company was founded in 2007 and was headquartered in San Ramon, CA.

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Fabric7 Systems, Inc. designs and builds enterprise servers for large enterprise data centers. Its solutions unify compute & network services into a single fabric of resources that can be deployed and scaled on demand to meet changing business needs. The company was co-founded by Dr. Sharad Mehrotra, Thomas D. Lovett, David Dicioccio & Nakul P. Saraiya in May, 2002 and is located in Mountain View, CA.

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Navini Networks, Inc. manufactures broadband telecom networking equipment. It offers portable plug-n-play broadband wireless access solutions. The company provides Ripwave MX systems and WiMAX solutions to the telecommunication industries. Navini Networks was founded in 2000 and is headquartered in Richardson, TX.

Suppliers
Diodes Inc. Semiconductors | Plano, TX

Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index company, is a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic, and analog semiconductor markets. Diodes serves the consumer electronics, computing, communications, industrial, and automotive markets. Diodes' products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature sensors; power management devices, including LED drivers, DC-DC switching and linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers

Kemet Corp. Electrical Products | Simpsonville, SC

KEMET Corp. engages in the manufacture of passive electronic components. It operates through the following segments: Solid Capacitors; Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. The Solid Capacitors segment produces tantalum, aluminum, polymer, and ceramic capacitors. The Film and Electrolytic segment includes the production of film, paper, and wet aluminum electrolytic capacitors. The Electro-Magnetic, Sensors, and Actuators segment comprises the electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors. The company was founded in 1919 and is headquartered in Fort Lauderdale, FL.

Data I/O Corp. Appliances & Electronics | Redmond, WA

Data I/O Corp. engages in the provision of programming, security provisioning and associated intellectual property management solutions used in electronics manufacturing with flash memory, microcontrollers and flash memory-based intelligent devices as well as secure element devices and secure microcontrollers. It designs, manufactures and sells programming systems and services for electronic device manufacturers, specifically targeting high-growth areas such as high-volume users of flash memory and flash memory based microcontrollers. The company was founded by Grant C. Record and Milt Zeutchel in April 1969 and is headquartered in Redmond, WA.

Competitors
Benchmark Electronics, Inc. Electrical Products - Angleton, TX

Benchmark Electronics, Inc. provides integrated electronic manufacturing services, engineering and design services, and precision machining services. The company provides services to original equipment manufacturers of industrial control equipment telecommunication equipment, computers and related products for business enterprises, medical devices, and testing and instrumentation products. Its services include comprehensive and integrated design and manufacturing services and solutions from initial product concept to volume production, including direct order fulfillment and aftermarket services. The company was founded by Cary T. Fu, Steven A. Barton and Donald E. Nigbor in 1979 and is headquartered in Angleton, TX.

Flex Ltd. Other Manufacturing - Singapore, Singapore

At Flextronics, impossible is where breakthrough begins. As a socially-responsible, global leader in design, manufacturing, distribution and aftermarket services, Flextronics is unique in its ability to provide end-to-end solutions through its innovative and proprietary systems — all to enhance customer competitiveness and success. Working across four business groups and several business units, Flextronics is able to unleash the full potential of the world’s most valuable brands and new ventures. What Flextronics creates is value. By increasing speed to market and driving competitive positioning for customers, Flextronics in essence solves customers’ most challenging problems better, faster and more cost effectively than any other company. Flextronics is able to manage big data in a way that allows for trending in market environments that are in flux, allowing the Company to provide solutions for customers, often before a challenge is ever realized. Flextronics is unique in the depth, breadth and scope of the Company. With an unmatched global presence, customers are supported with unprecedented speed in product ramp-up, delivery, and the ability to manage volume regardless of complexity or product mix. Leveraging state-of-the-art LEAN practices, Six Sigma, key investments in infrastructure and FlexQ, a propriety quality program that is beyond leading edge according to customers, Flextronics is the market leader in almost every business in which it operates. Whether high mix/low volume or low mix/high volume, Flextronics can enable any customer's success. At Flextronics, there is no room for “mediocrity.” If anything, the Company exists to continually test the bounds of what can be expected in terms of designs and processes. Optimization is what Flextronics does best. People make the difference. People with passion have an even greater impact. The Flextronics team spans 30 countries and four continents, and is over 200,000 people strong. Each member of the team is dedicated to enabling customer success. That is achieved through intense collaboration, passionate customer focus, thoughtful and disciplined execution, a tenacious commitment to continuous improvement and a relentless drive to win. Culture is the most important sustainable, competitive advantage of any company. The Flextronics culture is built on commitment — to customers, employees, the communities in which it operates and the environment. Flextronics is a global leader in non-profit/for-profit partnership, providing assistance in the places around the world that need it most. The Flextronics Foundation provides assistance in the areas of natural disaster relief, health and wellness initiatives and educational opportunities. Culture drives every aspect of the Company’s success. The culture and business model work hand-in-hand to ensure simplicity, flexibility and above all — sustainability.

Jabil, Inc. Electrical Products - St. Petersburg, FL

Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the following segments: Electronics Manufacturing Services and Diversified Manufacturing Services. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.

Awards & Honors
Rank #408
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #408
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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