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>IPG Photonics' first quarter of 2024 financial results and business updates reflect a mix of challenges and strategic advancements amid an evolving market landscape.</li><li>The company, a leader in high-performance fiber lasers and amplifiers, reported a decline in revenue, largely attributed to softening demand in key industrial sectors, particularly e-mobility and general industrial manufacturing.</li><li>These sectors represent a significant portion of IPG Photonics' sales, translating revenue impacts across various applications.</li></ul>

IPG Photonics' first quarter of 2024 financial results and business updates reflect a mix of challenges and strategic advancements amid an evolving market landscape.The company, a leader in high-performance fiber lasers and amplifiers, reported a decline in revenue, largely attributed to softening demand in key industrial sectors, particularly e-mobility and general industrial manufacturing.These sectors represent a significant portion of IPG Photonics' sales, translating revenue impacts across various applications.

IPG Photonics Corporation: Expansion In The Electric Vehicle (EV) Market As A Key Growth Catalyst! - Major Drivers

<ul><li>IPG Photonics Corp's recent earnings showed mixed results for the company's Q4, 2023.</li><li>The company reported that revenue growth was seen in multiple areas including welding, cleaning, 3D printing, and medical applications.</li><li>The strategic plan to diversify revenue away from cutting and reducing sales from China reflected success.</li></ul>

IPG Photonics Corp's recent earnings showed mixed results for the company's Q4, 2023.The company reported that revenue growth was seen in multiple areas including welding, cleaning, 3D printing, and medical applications.The strategic plan to diversify revenue away from cutting and reducing sales from China reflected success.

IPG Photonics Corporation: Is There A Real Upside From The Industrial And Medical Demand? - Major Drivers

<ul><li>IPG Photonics Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>Reduced industrial customer demand and decreased e-mobility applications adversely affected revenue from cutting, welding, and marking applications.</li><li>Additionally, laser technology is gaining traction in automotive and general industrial markets worldwide, especially in welding applications.</li></ul>

IPG Photonics Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.Reduced industrial customer demand and decreased e-mobility applications adversely affected revenue from cutting, welding, and marking applications.Additionally, laser technology is gaining traction in automotive and general industrial markets worldwide, especially in welding applications.

IPG Photonics Corporation: Unveiling the Impact Of Its Miller Electric Collaboration & Other Major Drivers

<ul><li>IPG Photonics Corporation delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.</li><li>They achieved substantial revenue growth in the welding and cleaning applications, led by robust e-mobility and handheld welding solution sales.</li><li>Additionally, 3D printing and solar cell manufacturing applications have seen increased revenue as a result of better investments in these industries.</li></ul>

IPG Photonics Corporation delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.They achieved substantial revenue growth in the welding and cleaning applications, led by robust e-mobility and handheld welding solution sales.Additionally, 3D printing and solar cell manufacturing applications have seen increased revenue as a result of better investments in these industries.

IPG Photonics Corporation: The E-Mobility Surge Pushing the Revenue Boundaries! - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On 3 June 2022, the S&amp;P DJI Global Index team announced changes to the S&amp;P500, S&amp;P Midcap 400, and S&amp;P SmallCap 600 indices (and a number of other smaller indices).</li>
<li>
<a href="https://www.smartkarma.com/entities/vici-properties-inc" target="_blank" data-smartkarma-citation="entities:28786:1" rel="noopener"></a>VICI Properties (VICI) will replace Cerner (CERN) in S&amp;P500 at close of 7 June. Keurig DrPepper and ON Semiconductor will replace UnderArmour and IPG Photonics at close 17 June.</li>
<li>This set of rebalances is particularly interesting in terms of non-offsetting flows, unlike many rebals which are just a game of musical shares between the three top indices.</li>
</ul>


On 3 June 2022, the S&amp;P DJI Global Index team announced changes to the S&amp;P500, S&amp;P Midcap 400, and S&amp;P SmallCap 600 indices (and a number of other smaller indices).

VICI Properties (VICI) will replace Cerner (CERN) in S&amp;P500 at close of 7 June. Keurig DrPepper and ON Semiconductor will replace UnderArmour and IPG Photonics at close 17 June.
This set of rebalances is particularly interesting in terms of non-offsetting flows, unlike many rebals which are just a game of musical shares between the three top indices.


S&P500, S&PMid400, and S&PSmall600 Index Changes for June 2022 - More Interesting Than Usual

United States

Vishay Intertechnology, Inc. manufactures a broad line of passive and discreet active electronic components, particularly resistors, capacitors, inductors, diodes, and transistors.  The Company's products are utilized in computers, telephones, televisions, automobiles, household appliance, medical equipment, satellites, and military and aerospace equipment.

Agilysys, Inc. is a developer and marketer of proprietary enterprise software, services and solutions to the hospitality and retail industries. The Company specializes in market-leading point-of-sale, property management, inventory & procurement and mobile & wireless solutions that are designed to streamline operations, improve efficiency and enhance the consumer's experience.

Sanmina Corporation provides electronics contract manufacturing services to customers located around the world. The Company offers its customers expertise in new product introduction, manufacturing, and design and fabrication of complex interconnect products. Sanmina Corporation specializes in circuit fabrication, system assembly, integration, and high-end enclosures and cabling.

Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products. The Company produces and sells a portfolio of cable, connectivity, and networking products into a variety of end markets, including industrial, enterprise, broadcast, and consumer electronics.

Itron, Inc. provides solutions for collecting, communicating, and analyzing electric, gas, and water usage data.  The Company sells its products to the utility industry.  Itron designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading and automatic meter reading systems.

Plexus Corp. is a participant in the electronics manufacturing services (EMS) industry, providing product design, supply chain, materials management, manufacturing, test, fulfillment, and aftermarket solutions to branded product companies in the wireline and networking, wireless infrastructure, medical, industrial and commercial, defense, security, and aerospace market sectors.

Avnet, Inc. distributes computer products and semiconductors, as well as interconnect, passive, and electromechanical components. The Company markets and distributes these products and provides supply-chain integration, engineering design, and technical services. Avnet serves customers in countries around the world.

OSI Systems, Inc. produces medical monitoring and anesthesia systems; security and inspection systems; and lasers, optics, and optoelectronic components.  The Company's products include blood pressure monitors, anesthesia machines and hemoglobin saturation monitors; systems for inspecting baggage, people, and vehicles; and lasers, lenses, prisms, and microelectronic components.

PC Connection, Inc. is a direct marketer of personal computers and related peripherals, software, accessories, and networking products. The Company sells to small and medium-sized businesses. PC Connection carries high turnover products in inventory, and in addition provides customer service and technical support.

TTM Technologies, Inc. is an independent provider of time-critical, one-stop manufacturing services for printed circuit boards.  The circuit boards serve as a foundation for electronic products such as routers, switches, servers, memory modules, and cellular base stations. The Company's customers include original equipment manufacturers and electronic manufacturing services companies.

Jentech Precision Industrial Company Ltd. provides tooling, precision metal stamping, custom insert molding, injection molding, and assembly solutions for medical, consumer electronics, semiconductor, automotive, appliance, and micro electronic markets to a wide variety of industries.

Nan Ya Printed Circuit Board Corporation manufactures and markets printed circuit boards (PCBs) and integrated circuit (IC) substrates.

Zhejiang Crystal-Optech Co., Ltd. researches, manufactures and markets photoelectric parts. The key products are OLPF, IR Cut Filter, IR Filter Housing Assembly, Thermal Diffusion Panel and Cover Glass.

Huagong Tech Co., Ltd. manufactures laser equipment, laser false-proof products, sensitive electronic components, optical telecommunication products, and biopharmaceuticals.  The Company also develops computer software and provides computer system integration services.

Shenzhen Sunlord Electronics Co.,Ltd. manufactures and markets chip passive components including chip inductor, chip ferrite bead, chip varistor, NTC thermistor and chip common mode choke coil.

Shenzhen Sunlord Electronics Co, Ltd. (002138 CH)

Innolux Corporation manufactures TFT-LCD, LCD models and LCD monitors. The company also provides research, development, manufacturing and retails business.

LOTES Co., Ltd specialize in design and manufacture of connectors, CPU Socket, Coolers and Antenna for Notebook Computer, Personal Computer, Mobile electronic device and Ditial Video.

Synnex Technology International Corporation markets personal computers, computer peripherals, multi-media products, network products, computer application software, electronic parts, and telecommunication products.

Synnex Technology International (2347 TT)

AAC Technologies Holdings Inc designs, develops and manufactures a broad range of miniaturized components that include speakers, receivers and microphones in the acoustic segment and others such as haptics vibrators, RF and antennas, and optical lenses. AAC's products are found in mobile devices such as smartphones, tablets, wearables, ultrabooks, notebooks and electronic book-readers.

AU Optronics Corp. manufactures and markets thin film transistor-liquid crystal displays (TFT-LCDs) and plasma display panels (PDPs).  The Company sells its products in Taiwan and exports worldwide.

IPG Photonics Corporation produces high-power fiber lasers and amplifiers. The Company develops and commercializes optical fiber-based lasers used in a wide range of applications such as materials processing, telecommunications and medical applications.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ipg Photonics (IPGP US)

IPG Photonics Corporation: Expansion In The Electric Vehicle (EV) Market As A Key Growth Catalyst! - Major Drivers

IPG Photonics' first quarter of 2024 financial results and business updates reflect a mix of challenges and strategic advancements amid an...

Baptista Research

IPG Photonics Corporation: Is There A Real Upside From The Industrial And Medical Demand? - Major Drivers

IPG Photonics Corp's recent earnings showed mixed results for the company's Q4, 2023. The company reported that revenue growth was seen in...

Baptista Research

IPG Photonics Corporation: Unveiling the Impact Of Its Miller Electric Collaboration & Other Major Drivers

IPG Photonics Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but...

Baptista Research

IPG Photonics Corporation: The E-Mobility Surge Pushing the Revenue Boundaries! - Major Drivers

IPG Photonics Corporation delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus. They achieved...

Baptista Research

S&P500, S&PMid400, and S&PSmall600 Index Changes for June 2022 - More Interesting Than Usual

The June 2022 S&P500, S&P Midcap 400 and S&P SmallCap 600 Rebalance was announced on 3 June 2022. VICI will replace CERN at the close of 7 June,...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)