Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD businesses.</li><li>The company reported revenue of $3 billion, a non-GAAP gross margin of 15.5%, and a non-GAAP loss per share of $0.69.</li><li>These numbers met or exceeded the guidance range provided in October.</li></ul>

In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD businesses.The company reported revenue of $3 billion, a non-GAAP gross margin of 15.5%, and a non-GAAP loss per share of $0.69.These numbers met or exceeded the guidance range provided in October.

Western Digital Corporation: A Tale Of  Improving Profitability Through Cost Reduction and Optimized Product Mix! - Major Drivers

<ul><li>Peloton Interactive, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings.</li><li>Peloton's management anticipates a noteworthy upturn in Connected Fitness's gross margin for the upcoming quarter.</li><li>This positive shift is attributed to the expected leverage of fixed costs resulting from increased unit sales in Connected Fitness.</li></ul>

Peloton Interactive, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings.Peloton's management anticipates a noteworthy upturn in Connected Fitness's gross margin for the upcoming quarter.This positive shift is attributed to the expected leverage of fixed costs resulting from increased unit sales in Connected Fitness.

Peloton Interactive Inc.: Tread+ & Other Major Factors Pushing Up Their Market Share! - Financial Forecasts

<ul><li>Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations.</li><li>The expansive opportunity in the cloud sector, propelled by ongoing infrastructure expansion and high-speed networks, positions Western Digital favorably.</li><li>In HDD, expectations include higher nearline shipments, seasonal demand in the consumer end market, and ongoing value-based price efforts, fostering sequential revenue and gross margin improvement throughout fiscal year 2024.</li></ul>

Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations.The expansive opportunity in the cloud sector, propelled by ongoing infrastructure expansion and high-speed networks, positions Western Digital favorably.In HDD, expectations include higher nearline shipments, seasonal demand in the consumer end market, and ongoing value-based price efforts, fostering sequential revenue and gross margin improvement throughout fiscal year 2024.

Western Digital Corporation: Navigating Market Fluctuations – A Look at Their Future Strategy! - Major Drivers

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

Thematic (Sector/Industry)

<ul>
<li>August's WSTS semiconductor revenues registered a record high of more than $53 billion</li>
<li>Nobody seemed to notice, including the organization making the announcement</li>
<li>There's valid concern that the market is on the verge of a collapse, and this may be overshadowing record sales</li>
</ul>


August's WSTS semiconductor revenues registered a record high of more than $53 billion
Nobody seemed to notice, including the organization making the announcement
There's valid concern that the market is on the verge of a collapse, and this may be overshadowing record sales


Semis Just Broke a Record.  Why Did Nobody Notice?

Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Emerging Market Equities

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> is a leading beneficiary of the recovery in global Smartphone demand, and strength in Memory prices, driven by the proliferation of Gen AI demand.</li>
<li>Global Memory prices have recovered by up to +80%y/y driven by demand from hyperscaler customers for leading-technology DDR5, HBM, and other high-value-added memory products.</li>
<li>Samsung Electronics trades more than one standard deviation below its 5-year historic average trading range, a historically proved to be an excellent buying point.</li>
</ul>



Samsung Electronics (005930 KS) is a leading beneficiary of the recovery in global Smartphone demand, and strength in Memory prices, driven by the proliferation of Gen AI demand.
Global Memory prices have recovered by up to +80%y/y driven by demand from hyperscaler customers for leading-technology DDR5, HBM, and other high-value-added memory products.
Samsung Electronics trades more than one standard deviation below its 5-year historic average trading range, a historically proved to be an excellent buying point.


Samsung Electronics (005930-KR): Quality Generative AI Play, Trading at a Discount

United States

Western Digital Corporation is a global provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video. The Company's products include hard drives, solid-state drives, and home entertainment and networking products.

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Western Digital (WDC US)

Western Digital Corporation: A Tale Of Improving Profitability Through Cost Reduction and Optimized Product Mix! - Major Drivers

In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD...

Baptista Research

Western Digital Corporation: Navigating Market Fluctuations – A Look at Their Future Strategy! - Major Drivers

Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations. The expansive opportunity in the cloud sector,...

Baptista Research

Semis Just Broke a Record. Why Did Nobody Notice?

August's semiconductor revenues hit a record high of over $53 billion, but concerns about a potential market collapse are overshadowing the...

Jim Handy

Samsung Electronics (005930-KR): Quality Generative AI Play, Trading at a Discount

In this insight, we analyse Samsung Electronics with a particular focus on the global Memory and Smartphone markets, company financials and growth...

Wium Malan, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Western Digital Corporation: A Tale Of Improving Profitability Through Cost Reduction and Optimized Product Mix! - Major Drivers

In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD...

Baptista Research

Peloton Interactive Inc.: Tread+ & Other Major Factors Pushing Up Their Market Share! - Financial Forecasts

Peloton Interactive, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par...

Baptista Research

Western Digital Corporation: Navigating Market Fluctuations – A Look at Their Future Strategy! - Major Drivers

Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations. The expansive opportunity in the cloud sector,...

Baptista Research

Semis Just Broke a Record. Why Did Nobody Notice?

​August's semiconductor revenues hit a record high of over $53 billion, but concerns about a potential market collapse are overshadowing the...

Jim Handy

Samsung Electronics (005930-KR): Quality Generative AI Play, Trading at a Discount

In this insight, we analyse Samsung Electronics with a particular focus on the global Memory and Smartphone markets, company financials and growth...

Wium Malan, CFA

August's semiconductor revenues hit a record high of over $53 billion, but concerns about a potential market collapse are overshadowing the...