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>Onto Innovation reported strong financial results for the fourth quarter and full year of 2024, highlighting the company’s continued growth across its markets.</li><li>The company logged its sixth consecutive quarter of growth, achieving a new quarterly revenue record of $264 million, marking a 21% increase from the previous year.</li><li>This growth was largely driven by the specialty devices and advanced packaging markets, particularly propelled by robust demand in AI packaging.</li></ul>

Onto Innovation reported strong financial results for the fourth quarter and full year of 2024, highlighting the company’s continued growth across its markets.The company logged its sixth consecutive quarter of growth, achieving a new quarterly revenue record of $264 million, marking a 21% increase from the previous year.This growth was largely driven by the specialty devices and advanced packaging markets, particularly propelled by robust demand in AI packaging.

Onto Innovation: The Advanced Nodes Market Is A SOLID Opportunity But Can They Capitalize?

<ul><li>Onto Innovation reported its third-quarter financial results for 2024, demonstrating several strengths and challenges that inform its investment outlook.</li><li>The company achieved a revenue of $252 million, marking a 4% sequential increase and a 22% rise year-over-year.</li><li>This performance set a new quarterly record for inspection revenue, indicating robust demand within its specialty device and advanced packaging segments.</li></ul>

Onto Innovation reported its third-quarter financial results for 2024, demonstrating several strengths and challenges that inform its investment outlook.The company achieved a revenue of $252 million, marking a 4% sequential increase and a 22% rise year-over-year.This performance set a new quarterly record for inspection revenue, indicating robust demand within its specialty device and advanced packaging segments.

Onto Innovation: Will Its High Bandwidth Memory (HBM) Expansion Bring A Shift In The Competitive Dynamics? - Major Drivers

<ul><li>Onto Innovation has reported notable financial results for the second quarter, exceeding its previously set guidance ranges.</li><li>This performance comes on the heels of better-than-expected demand for Dragonfly systems, which support advanced AI device packaging, and significant investments in Atlas and Iris systems for advanced nodes.</li><li>The company marked a noteworthy achievement by generating a record $65 million in cash from operations this quarter.</li></ul>

Onto Innovation has reported notable financial results for the second quarter, exceeding its previously set guidance ranges.This performance comes on the heels of better-than-expected demand for Dragonfly systems, which support advanced AI device packaging, and significant investments in Atlas and Iris systems for advanced nodes.The company marked a noteworthy achievement by generating a record $65 million in cash from operations this quarter.

Onto Innovation Inc.: Expanded Market Share in AI Packaging and Advanced Nodes! - Major Drivers

<ul><li>Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for AI devices.</li><li>The net quarter revenue upsurged at the top end of the guidance range, a significant 15% rise from the same period the previous year.</li><li>Notably, Onto Innovation's specialty and advanced packaging customers achieved a record growth for the third consecutive quarter, attributing a 64% year on year increase during Q1 2024.</li></ul>

Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for AI devices.The net quarter revenue upsurged at the top end of the guidance range, a significant 15% rise from the same period the previous year.Notably, Onto Innovation's specialty and advanced packaging customers achieved a record growth for the third consecutive quarter, attributing a 64% year on year increase during Q1 2024.

Onto Innovation: Opportunities in Advanced Nodes and NAND & Other Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>Last night, the S&amp;P announced that with the deletion of <a href="https://www.smartkarma.com/entities/arcadium-lithium-plc-2f9bfa3a-65a7-41f9-a157-e59603846420" target="_blank" data-smartkarma-citation="entities:40439:1" rel="noopener">Arcadium Lithium (ALTM US)</a> from the S&amp;P Midcap 400, <a href="https://www.smartkarma.com/entities/entegris-inc" target="_blank" data-smartkarma-citation="entities:12493:1" rel="noopener">Entegris Inc (ENTG US)</a> would replace it.</li>
<li>Entegris is a company providing Materials Solutions and Purity Solutions to the semiconductor industry (they sell to circuit/memory cos, SPE mfrs, gas/chem cos, wafer growers, etc.</li>
<li>Because of how this company is being added, it is a bit interesting. It will be effective Wednesday 5 March at the close with US$1.2bn to buy.</li>
</ul>


Last night, the S&amp;P announced that with the deletion of Arcadium Lithium (ALTM US) from the S&amp;P Midcap 400, Entegris Inc (ENTG US) would replace it.
Entegris is a company providing Materials Solutions and Purity Solutions to the semiconductor industry (they sell to circuit/memory cos, SPE mfrs, gas/chem cos, wafer growers, etc.
Because of how this company is being added, it is a bit interesting. It will be effective Wednesday 5 March at the close with US$1.2bn to buy.


Entegris (ENTG US) Promotion to S&P MidCap400

United States

Onto Innovation Inc. provides process control solutions and inspection systems. The Company offers solutions which primarily used in the fabrication of semiconductors and other solid-state devices, as well as industrial and scientific applications. Onto Innovation serves customers in the United States.

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Nanometrics Inc (ONTO US)

Onto Innovation: The Advanced Nodes Market Is A SOLID Opportunity But Can They Capitalize?

Onto Innovation reported strong financial results for the fourth quarter and full year of 2024, highlighting the company’s continued growth across...

Baptista Research

Onto Innovation: Will Its High Bandwidth Memory (HBM) Expansion Bring A Shift In The Competitive Dynamics? - Major Drivers

Onto Innovation reported its third-quarter financial results for 2024, demonstrating several strengths and challenges that inform its investment...

Baptista Research

Onto Innovation: Opportunities in Advanced Nodes and NAND & Other Major Drivers

Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for...

Baptista Research

Entegris (ENTG US) Promotion to S&P MidCap400

The S&P Index Committee for the US main indices has announced that semiconductor mfg supplier Entegris will replace Arcadium Lithium next Weds at...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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Onto Innovation: The Advanced Nodes Market Is A SOLID Opportunity But Can They Capitalize?

Onto Innovation reported strong financial results for the fourth quarter and full year of 2024, highlighting the company’s continued growth across...

Baptista Research

Onto Innovation: Will Its High Bandwidth Memory (HBM) Expansion Bring A Shift In The Competitive Dynamics? - Major Drivers

Onto Innovation reported its third-quarter financial results for 2024, demonstrating several strengths and challenges that inform its investment...

Baptista Research

Onto Innovation Inc.: Expanded Market Share in AI Packaging and Advanced Nodes! - Major Drivers

Onto Innovation has reported notable financial results for the second quarter, exceeding its previously set guidance ranges. This performance...

Baptista Research

Onto Innovation: Opportunities in Advanced Nodes and NAND & Other Major Drivers

Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for...

Baptista Research

Entegris (ENTG US) Promotion to S&P MidCap400

The S&P Index Committee for the US main indices has announced that semiconductor mfg supplier Entegris will replace Arcadium Lithium next Weds at...

Travis Lundy