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

Ma Com Technology Solutions / Equity Bottom-Up

<ul><li>MACOM's third fiscal quarter 2024 financial results exhibit both strengths and areas of concern, offering a mixed bag for potential investors.</li><li>The company reported a revenue of $190.5 million with an adjusted EPS of $0.66 per diluted share, marking a positive trend in turnover buoyed by sequential growth in the Data Center and Telecom segments.</li><li>This financial performance was complemented by an impressive generation of over $40 million in free cash flow and an ending cash position of $521 million in cash and short-term investments.</li></ul>

MACOM's third fiscal quarter 2024 financial results exhibit both strengths and areas of concern, offering a mixed bag for potential investors.The company reported a revenue of $190.5 million with an adjusted EPS of $0.66 per diluted share, marking a positive trend in turnover buoyed by sequential growth in the Data Center and Telecom segments.This financial performance was complemented by an impressive generation of over $40 million in free cash flow and an ending cash position of $521 million in cash and short-term investments.

MACOM Technology Solutions: What Role Are They Playing In Linear Pluggable Optics and Data Communication? - Major Drivers

<ul><li>MACOM's financial results for the second fiscal quarter of 2024 reflect a healthy and profitable business environment, with continuing investments aimed at future growth opportunities.</li><li>The company reported a revenue of $181.2 million, a 15.3% sequential increase, and adjusted EPS of $0.59 per diluted share.</li><li>These figures are indicative of MACOM's robust performance, particularly in the Industrial and Defense (I&D) and telecom sectors, demonstrating strong existing operations and the added financial benefits from the recent acquisition of an RF business.</li></ul>

MACOM's financial results for the second fiscal quarter of 2024 reflect a healthy and profitable business environment, with continuing investments aimed at future growth opportunities.The company reported a revenue of $181.2 million, a 15.3% sequential increase, and adjusted EPS of $0.59 per diluted share.These figures are indicative of MACOM's robust performance, particularly in the Industrial and Defense (I&D) and telecom sectors, demonstrating strong existing operations and the added financial benefits from the recent acquisition of an RF business.

MACOM Technology Solutions: How They Are Strengthening Market Presence in Data Centers and Telecom! - Major Drivers

<ul><li>This is our first report on MACOM, a renowned semiconductors manufacturer in the U.S.</li><li>The management of the company is focused on the firm's performance over the fourth quarter and the full fiscal year of 2023, as well as on prospects for the first fiscal quarter of 2024.</li><li>MACOM reported $150.4 million in revenue for the fourth quarter, with an adjusted EPS of $0.56 per diluted share along with $648 million in revenue and an adjusted EPS of $2.70 for the full fiscal 2023.</li></ul>

This is our first report on MACOM, a renowned semiconductors manufacturer in the U.S.The management of the company is focused on the firm's performance over the fourth quarter and the full fiscal year of 2023, as well as on prospects for the first fiscal quarter of 2024.MACOM reported $150.4 million in revenue for the fourth quarter, with an adjusted EPS of $0.56 per diluted share along with $648 million in revenue and an adjusted EPS of $2.70 for the full fiscal 2023.

MACOM Technology Solutions: Initiation of Coverage - Market Share Takeover! Inside Their Strategy to Conquer Industrial and Defense Sectors - Major Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We continue to play the hand we have been dealt; i.e., riding the trend higher on the SPX and Nasdaq 100, and being overweight large-cap growth</li>
<li>Russell 1000 GrowthVs.Value ratio is breaking out from a 4-year base, suggesting growth's outperformance is likely to continue in the months ahead. Growth outperforming during bull markets is no surprise.</li>
<li>Latest bullish developments include the equal-weighted Nasdaq 100 (QQQE) breaking out from a 4-month base, while Discretionary (XLY) displays a 6-month base breakout and RS is reversing its YTD downtrend</li>
</ul>


We continue to play the hand we have been dealt; i.e., riding the trend higher on the SPX and Nasdaq 100, and being overweight large-cap growth
Russell 1000 GrowthVs.Value ratio is breaking out from a 4-year base, suggesting growth's outperformance is likely to continue in the months ahead. Growth outperforming during bull markets is no surprise.
Latest bullish developments include the equal-weighted Nasdaq 100 (QQQE) breaking out from a 4-month base, while Discretionary (XLY) displays a 6-month base breakout and RS is reversing its YTD downtrend


Play the Hand You're Dealt; Bullish Outlook Intact; Remain Overweight Large-Cap Growth; Tech Buys

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/o2micro-international-limited" target="_blank" data-smartkarma-citation="entities:36418:1" rel="noopener">O2Micro International (OIIM US)</a> entered into a definitive agreement for going private with FNOF Precious Honour Limited at US$5.00 per ADS, a 54.8% to the undisturbed price (17 March).</li>
<li>Shareholders representing two-thirds of shares present and voting need to approve the deal. The rollover shareholders represent 16.90% of voting rights.</li>
<li>The offer is attractive in the context of O2Micro’s weakening performance and grim market conditions. At the last close, the gross spread is 18.2%. Expect a 1Q23 deal close.</li>
</ul>



O2Micro International (OIIM US) entered into a definitive agreement for going private with FNOF Precious Honour Limited at US$5.00 per ADS, a 54.8% to the undisturbed price (17 March).
Shareholders representing two-thirds of shares present and voting need to approve the deal. The rollover shareholders represent 16.90% of voting rights.
The offer is attractive in the context of O2Micro’s weakening performance and grim market conditions. At the last close, the gross spread is 18.2%. Expect a 1Q23 deal close.


O2Micro Enters into a Definite Privatisation Agreement at US$5.00 Per ADS

United States

MA-COM Technology Solutions Holdings Inc. provides high performance analog semiconductor solutions. The Company supplies semiconductors, active and passive components, and sub-assemblies for use in radio frequency, microwave, and millimeter wave applications. MA-COM Technology Solutions serves customers throughout the United States.

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Ma Com Technology Solutions (MTSI US)

MACOM Technology Solutions: What Role Are They Playing In Linear Pluggable Optics and Data Communication? - Major Drivers

MACOM's third fiscal quarter 2024 financial results exhibit both strengths and areas of concern, offering a mixed bag for potential investors. The...

Baptista Research

MACOM Technology Solutions: How They Are Strengthening Market Presence in Data Centers and Telecom! - Major Drivers

MACOM's financial results for the second fiscal quarter of 2024 reflect a healthy and profitable business environment, with continuing investments...

Baptista Research

Play the Hand You're Dealt; Bullish Outlook Intact; Remain Overweight Large-Cap Growth; Tech Buys

Play the Hand You're Dealt; Bullish Outlook Intact $SPX $QQQ $IWM; Remain Overweight Large-Cap Growth $IWF $NVDA $AVGO $TSM $AMD $ASML $AAPL $MSFT...

Vermilion Research

O2Micro Enters into a Definite Privatisation Agreement at US$5.00 Per ADS

The offer is attractive in the context of O2Micro’s weakening performance and grim market conditions. At the last close, the gross spread is 18.2%....

Arun George

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52-week Range

Market Cap (USDm)

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MACOM Technology Solutions: What Role Are They Playing In Linear Pluggable Optics and Data Communication? - Major Drivers

MACOM's third fiscal quarter 2024 financial results exhibit both strengths and areas of concern, offering a mixed bag for potential investors. The...

Baptista Research

MACOM Technology Solutions: How They Are Strengthening Market Presence in Data Centers and Telecom! - Major Drivers

MACOM's financial results for the second fiscal quarter of 2024 reflect a healthy and profitable business environment, with continuing investments...

Baptista Research

MACOM Technology Solutions: Initiation of Coverage - Market Share Takeover! Inside Their Strategy to Conquer Industrial and Defense Sectors - Major Drivers

This is our first report on MACOM, a renowned semiconductors manufacturer in the U.S. The management of the company is focused on the firm's...

Baptista Research

Play the Hand You're Dealt; Bullish Outlook Intact; Remain Overweight Large-Cap Growth; Tech Buys

Play the Hand You're Dealt; Bullish Outlook Intact $SPX $QQQ $IWM; Remain Overweight Large-Cap Growth $IWF $NVDA $AVGO $TSM $AMD $ASML $AAPL $MSFT...

Vermilion Research

O2Micro Enters into a Definite Privatisation Agreement at US$5.00 Per ADS

The offer is attractive in the context of O2Micro’s weakening performance and grim market conditions. At the last close, the gross spread is 18.2%....

Arun George