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>Silicon Labs' first quarter fiscal 2024 financial results provide a mixed picture, reflecting the ongoing dynamics in the technology sector, particularly in the semiconductor industry.</li>
<li>Silicon Labs reported a revenue of $106 million for the quarter, which exceeded the midpoint of the company's guidance and marked a 23% sequential increase.</li>
<li>This performance underscores some level of recovery, especially when dissected into the contributions from its two primary business units: Industrial &amp; Commercial, and Home &amp; Life.</li>
</ul>


Silicon Labs' first quarter fiscal 2024 financial results provide a mixed picture, reflecting the ongoing dynamics in the technology sector, particularly in the semiconductor industry.
Silicon Labs reported a revenue of $106 million for the quarter, which exceeded the midpoint of the company's guidance and marked a 23% sequential increase.
This performance underscores some level of recovery, especially when dissected into the contributions from its two primary business units: Industrial &amp; Commercial, and Home &amp; Life.


Silicon Laboratories Inc.: Enhanced Direct Sales and Customer Relationships Boosting The Top-Line?

<ul>
<li>This is our first report on fabless semiconductors player, Silicon Labs.</li>
<li>The third quarter of 2023 has been a difficult period for Silicon Labs amidst a backdrop of weak demand and heightened inventory levels.</li>
<li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li>
</ul>


This is our first report on fabless semiconductors player, Silicon Labs.
The third quarter of 2023 has been a difficult period for Silicon Labs amidst a backdrop of weak demand and heightened inventory levels.
In this report, we have carried out a fundamental analysis of the historical financial statements of the company.


Silicon Labs: Initiation of Coverage – What Is The Core Business Strategy Driving Growth?

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Thematic (Sector/Industry)

<ul><li>This is my quarterly piece, where I round up all of my favorite ideas (more explicitly) and explain some semiconductor jargon. This is a meta piece of content.</li><li>First and foremost, I’ll start with performance. SMH returned 14% this quarter, among the best quarters in history for the semiconductor universe (again).</li><li>This quarter's leader was AOSL, who is rumored to have won a socket at Nvidia.</li></ul>

This is my quarterly piece, where I round up all of my favorite ideas (more explicitly) and explain some semiconductor jargon. This is a meta piece of content.First and foremost, I’ll start with performance. SMH returned 14% this quarter, among the best quarters in history for the semiconductor universe (again).This quarter's leader was AOSL, who is rumored to have won a socket at Nvidia.

Fabricated Knowledge Q2 2024 Quarterly Review

<ul>
<li>Micron's earnings were… acceptable.</li>
<li>
The market didn’t like the guide, but I think it is more of a function of expectations management.
</li>
<li>
Micron is clearly on the upswing, and the stock needs healthy revenue and profit beats.

</li>
</ul>


Micron's earnings were… acceptable.

The market didn’t like the guide, but I think it is more of a function of expectations management.


Micron is clearly on the upswing, and the stock needs healthy revenue and profit beats.




Micron Earnings, SiTime, Consumer, and Applied Materials Insider Sale

<ul><li>Welcome to this week’s earnings. My spark notes are the NXPI and IFX did better than I feared, but I continue to be unconstructive on automotive.</li><li>Fabrinet and Coherent both achieved good results, but Fabrinet disappointed expectations for Nvidia's pluggable revenue. Is this a weak read-through? Unlikely. Marvell should have an amazing year if Coherent’s TAM is remotely correct.</li><li>MKSI put up the exact results I was looking for, and this continues to be my favorite idea. As WFE increases, inventory builds will happen, and then financial and operational leverage will take care of the rest.</li></ul>

Welcome to this week’s earnings. My spark notes are the NXPI and IFX did better than I feared, but I continue to be unconstructive on automotive.Fabrinet and Coherent both achieved good results, but Fabrinet disappointed expectations for Nvidia's pluggable revenue. Is this a weak read-through? Unlikely. Marvell should have an amazing year if Coherent’s TAM is remotely correct.MKSI put up the exact results I was looking for, and this continues to be my favorite idea. As WFE increases, inventory builds will happen, and then financial and operational leverage will take care of the rest.

Automotive (NXPI, IFX) Optics (FN, COHR), MKSI, MPWR, ACLS, SLAB, RMBS, ARM

United States

Silicon Laboratories Inc. designs and develops analog-intensive, mixed-signal integrated circuits (ICs) for the wireless, wireline, and optical communications industries. Mixed-signal ICs are electronic components that process both digital signals and real-world analog signals, such as sound and radio waves.

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Silicon Laboratories (SLAB US)

Silicon Laboratories Inc.: Enhanced Direct Sales and Customer Relationships Boosting The Top-Line?

Silicon Labs' first quarter fiscal 2024 financial results provide a mixed picture, reflecting the ongoing dynamics in the technology sector,...

Baptista Research

Silicon Labs: Initiation of Coverage – What Is The Core Business Strategy Driving Growth?

This is our first report on fabless semiconductors player, Silicon Labs. The third quarter of 2023 has been a difficult period for Silicon Labs...

Baptista Research

Fabricated Knowledge Q2 2024 Quarterly Review

Here's everything that happened this quarter, and some thoughts and ideas. This is my quarterly piece, where I round up all of my favorite ideas...

Fabricated Knowledge

Micron Earnings, SiTime, Consumer, and Applied Materials Insider Sale

High expectations for Micron, SiTime Spectrum-X (s/o Ian Cutress) and Consumer Bottoming, and thoughts on Semiconductors (Bearish!)

Fabricated Knowledge

Automotive (NXPI, IFX) Optics (FN, COHR), MKSI, MPWR, ACLS, SLAB, RMBS, ARM

Welcome to this week’s earnings. My spark notes are the NXPI and IFX did better than I feared, but I continue to be unconstructive on automotive...

Fabricated Knowledge

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