Analytic Investment added electronics manufacturing services provider SMTC (NASDAQ: SMTX) to its Focus Value model last week. Focus Value is a model that attempts to take advantage of equity mispricing opportunities caused by market inefficiencies.
Over the past few months, SMTX has been focusing on growth. On October 14th, it announced the expansion of its service to the medical device and life science market due to the receipt of an additional certification (ISO 13485:2003) for several of their manufacturing centers. Then, continuing the growth trend, it announced the expansion of its manufacturing capabilities in the San Jose manufacturing center, which answers the needs of the company’s Silicon Valley customers. In its press release on the expansion, Rich Camarda, the Vice President and Feneral Manager of SMTC San Jose said,
The expansion in capabilities and in our technical and supply chain staff will ensure our operation is well-positioned to support growth at our current customers. It will also position SMTC as a premier mid size EMS provider in the valley, offering effective regional manufacturing solutions while also providing OEMs a low risk path way to volume manufacturing in Mexico and China.
Finally, on November 24th, SMTX issued a press release that discussed the expansion of its outsourcing agreement with MKS Instruments (NASDAQ: MKSI) by providing some subassembly and manufacturing services for a line of MKSI products.
*SMTX chart courtesy of Yahoo Finance.
