Top 10 High Tech Companies To Own For 2016

Top 10 High Tech Companies To Own For 2016: Sun Hydraulics Corp (SNHY)

Sun Hydraulics Corporation (Sun) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems. The Company has facilities in the United States, the United Kingdom, Germany, Korea, France, and China. Sun Hydraulik Holdings Limited (Sun Holdings), a wholly owned subsidiary of Sun was formed to provide a holding company for the European market operations; its wholly owned subsidiaries are Sun Hydraulics Limited (Sun Ltd.) and Sun Hydraulik GmbH (Sun GmbH). Sun Ltd. operates a manufacturing and distribution facility located in Coventry, England, and Sun GmbH operates a manufacturing and distribution facility located in Erkelenz, Germany. Sun Hydraulics Korea Corporation (Sun Korea), a wholly owned subsidiary of Sun, operates a manufacturing and distribution facility. Sun Hydraulics, SARL (Sun France), a wholly owned subsidiary of Sun was dissolved in November 2011. Sun Hydraulics (India) a liaison office in Bangalore, India is used to deve lop new business opportunities in the Indian market. WhiteOak Controls, Inc. (WhiteOak), a 40% equity method investment, located in Mediapolis, Iowa, designs and produces complementary electronic control products. On September 27, 2011, Sun acquired High Country Tek, Inc. (HCT), which designs and manufactures a range of standard and customizable electronic control modules used to interpret electronic signals.

Screw-in Hydraulic Cartridge Valves

The Company's screw-in hydraulic cartridge valves are offered in five size ranges and include both electrically actuated and non-electrically actuated products. The floating construction introduced by the Company results in a self alignment characteristic.

Standard Manifolds

A manifold is a solid block of metal, usually aluminum or ductile iron, which is machined to c! reate threaded cavities and channels into which screw-in cartridge valves can be installed and through which the h ydraulic fluid flows. The Company's range of standard mani! folds enables the customers to integrate its screw-in cartridge valves into their machinery and equipment.

Integrated Packages

An integrated package consists of multiple cartridges assembled into a custom designed manifold for a specific customer to provide the specific operating characteristics of a customer's circuit. The Company's screw-in cartridge valves translate to integrated packages designed by the Company and result in products that are smaller in size. Due to the self-alignment characteristic, the Company's integrated packages do not require testing once assembled.

Electronic Controllers

HCT designs and manufactures electronic controllers, which manage the function of electrically actuated valves. HCT's products range from one valve, manually adjusted controllers to fully integrated hydraulic control systems managing multiple hydraulic valves, as well as other input and output products, such as joysticks and displays.

Advisors' Opinion:

• [By Sally Jones]

  Sun Hydraulics Corp. (SNHY): Reduced

  Up 25% over 12 months, Sun Hydraulics Corp. has a market cap of $787.4 million; its shares were traded at around $30.00 with a P/E ratio of 21.20.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-high-tech-companies-to-own-for-2016.html