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>Micron Technology is in the process of transitioning to more sophisticated nodes and is also investing heavily in memory manufacturing.</li><li>The management is striving to control capital expenditures, manage funds utilization, especially for some of its legacy nodes, and focus on cost-effective nodes to see how it can optimize them and the manufacturing footprint area.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Micron Technology is in the process of transitioning to more sophisticated nodes and is also investing heavily in memory manufacturing.The management is striving to control capital expenditures, manage funds utilization, especially for some of its legacy nodes, and focus on cost-effective nodes to see how it can optimize them and the manufacturing footprint area.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Micron Technology: Increased Investments In Memory Manufacturing & Other Drivers

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Openedges Technology / Equity Capital Markets

<ul>
<li>Open Edges Technology is getting ready to complete its IPO in Korea in September 2022. The IPO price range is from 15,000 won to 18,000 won.</li>
<li>The IPO base deal size is from US$42 million to US$50 million. The expected market cap after the IPO is from 334 billion won to 401 billion won. </li>
<li>Open Edges Technology is a system semiconductor IP specialist with one of the world's only integrated AI semiconductor design asset IP platform. </li>
</ul>


Open Edges Technology is getting ready to complete its IPO in Korea in September 2022. The IPO price range is from 15,000 won to 18,000 won.
The IPO base deal size is from US$42 million to US$50 million. The expected market cap after the IPO is from 334 billion won to 401 billion won. 
Open Edges Technology is a system semiconductor IP specialist with one of the world's only integrated AI semiconductor design asset IP platform. 


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>WSTS June semiconductor revenues indicate the onset of a trend of flat-to-down sales</li>
<li>Recent chip company earnings calls largely project a down market in the current quarter</li>
<li>This is most likely the beginning of a 1½ -year downturn in semiconductors</li>
</ul>


WSTS June semiconductor revenues indicate the onset of a trend of flat-to-down sales
Recent chip company earnings calls largely project a down market in the current quarter
This is most likely the beginning of a 1½ -year downturn in semiconductors


Semiconductors Have Reached Turning Point

<ul><li>Micron Technology delivered a decent quarter matching Wall Street expectations in terms of revenues but delivered an earnings beat.</li><li>The company’s performance has been driven by the forte in DRAM shipments to game, console, PC, and cloud customers.</li><li>Among new launches, Micron recently announced the launch of the i400 microSD card and partnership programs with IQ (Industrial Quotient).</li></ul>

Micron Technology delivered a decent quarter matching Wall Street expectations in terms of revenues but delivered an earnings beat.The company’s performance has been driven by the forte in DRAM shipments to game, console, PC, and cloud customers.Among new launches, Micron recently announced the launch of the i400 microSD card and partnership programs with IQ (Industrial Quotient).

Micron Technology Inc.: FValue Proposition

Founder/CEO of ROK Advisory, ROK Advisory LLC

Ken S. Kim

Founder/CEO of ROK Advisory

ROK Advisory LLC

ROK is an independent research advisory firm. We guide you to minimize the information gap between foreign and local investors in Northeast Asia with a focus in Korea, Taiwan and Japan.

Independent Research Advisory Firm

<ul>
<li>Are the cuts a sign of discipline that we have been waiting for or</li>
<li>Is it due to lack of ability to procure the equipment? </li>
<li>Seems a combination of both if you listen to the words of the Chairman</li>
</ul>


Are the cuts a sign of discipline that we have been waiting for or
Is it due to lack of ability to procure the equipment? 
Seems a combination of both if you listen to the words of the Chairman


United States

Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.

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Micron Technology (MU US)

Micron Technology: Increased Investments In Memory Manufacturing & Other Drivers

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Baptista Research

Open Edges Technology IPO Preview

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Douglas Kim

Semiconductors Have Reached Turning Point

The semiconductor market is starting to change from unusual growth and record revenues to a downturn that will return it to its long-term trend. ...

Jim Handy

Micron Technology Inc.: FValue Proposition

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Baptista Research

How Real Are the Capex Cuts for Hynix?

Are the memory players showing discipline or just the sign of the times where lead times for equipment has gone from 12 months to 30?

Ken S. Kim

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