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>Synaptics, Inc. presented its financial results for the third quarter of the fiscal year 2024, illustrating a mixed landscape of achievements and challenges in line with its projections.</li><li>Celebrated for its innovative strides in core IoT predominantly due to its new embedded AI IoT processors under the Astra program, the company outlined its strategic directions and financial standing.</li><li>The company’s core IoT segment saw significant growth, largely propelled by its entrance into embedded AI technology with the launch of the Astra processor platform.</li></ul>

Synaptics, Inc. presented its financial results for the third quarter of the fiscal year 2024, illustrating a mixed landscape of achievements and challenges in line with its projections.Celebrated for its innovative strides in core IoT predominantly due to its new embedded AI IoT processors under the Astra program, the company outlined its strategic directions and financial standing.The company’s core IoT segment saw significant growth, largely propelled by its entrance into embedded AI technology with the launch of the Astra processor platform.

Synaptics Incorporated: Diversification in Core Internet of Things (IoT) Catalyzing Growth! - Major Drivers

<ul><li>This is our first report on intuitive human interface solutions provider, Synaptics Incorporated.</li><li>In its First Quarter 2024 Financial Results , the management addressed the current standing of the company and projected future expectations.</li><li>Despite the challenging market conditions, Synaptics remains optimistic about its business and expects to see improvements in 2024.</li></ul>

This is our first report on intuitive human interface solutions provider, Synaptics Incorporated.In its First Quarter 2024 Financial Results , the management addressed the current standing of the company and projected future expectations.Despite the challenging market conditions, Synaptics remains optimistic about its business and expects to see improvements in 2024.

Synaptics Inc: Initiation of Coverage – Revolutionize Your Audio Experience! Discover How SYNA's AI-Powered Headset is Changing the Game! - Major Drivers

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

<ul>
<li>We hosted a conference call with Elan Microelectronics management; We view the company as a Structural Long position for the AI PC upgrade cycle.</li>
<li>From the company's perspective, significant impact from AI PC demand will come but not until 4Q24E or 1H25E. However, supply chain excess inventory improved and prepping for upcycle.</li>
<li>An estimated 90% of AI PC models launched at CES 2024 use Elan's products in their design; Elan well positioned for the upcycle and entrenching its position. Maintain Structural Long.</li>
</ul>


We hosted a conference call with Elan Microelectronics management; We view the company as a Structural Long position for the AI PC upgrade cycle.
From the company's perspective, significant impact from AI PC demand will come but not until 4Q24E or 1H25E. However, supply chain excess inventory improved and prepping for upcycle.
An estimated 90% of AI PC models launched at CES 2024 use Elan's products in their design; Elan well positioned for the upcycle and entrenching its position. Maintain Structural Long.


TechChain Insights: Call with Elan Micro; AI PC Significant Uptake 4Q24/1H25; Supply Chain Preparing

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

United States

Synaptics Incorporated develops custom-designed user interface solutions.  The Company's solutions enable people to interact with a variety of mobile computing and communications devices.  Synaptics offers a touch-sensitive pad that senses the position of a person's finger on its surface to provide screen navigation, cursor movement, and a platform of interactive input.

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Synaptics Inc (SYNA US)

Synaptics Incorporated: Diversification in Core Internet of Things (IoT) Catalyzing Growth! - Major Drivers

Synaptics, Inc. presented its financial results for the third quarter of the fiscal year 2024, illustrating a mixed landscape of achievements and...

Baptista Research

Synaptics Inc: Initiation of Coverage – Revolutionize Your Audio Experience! Discover How SYNA's AI-Powered Headset is Changing the Game! - Major Drivers

This is our first report on intuitive human interface solutions provider, Synaptics Incorporated. In its First Quarter 2024 Financial Results ,...

Baptista Research

TechChain Insights: Call with Elan Micro; AI PC Significant Uptake 4Q24/1H25; Supply Chain Preparing

Elan Microelectronics is poised for growth in the AI PC upgrade cycle, with a strong position in the market and potential impact expected in late...

Vincent Fernando, CFA

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

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52-week Range

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Synaptics Incorporated: Diversification in Core Internet of Things (IoT) Catalyzing Growth! - Major Drivers

Synaptics, Inc. presented its financial results for the third quarter of the fiscal year 2024, illustrating a mixed landscape of achievements and...

Baptista Research

Synaptics Inc: Initiation of Coverage – Revolutionize Your Audio Experience! Discover How SYNA's AI-Powered Headset is Changing the Game! - Major Drivers

This is our first report on intuitive human interface solutions provider, Synaptics Incorporated. In its First Quarter 2024 Financial Results ,...

Baptista Research

TechChain Insights: Call with Elan Micro; AI PC Significant Uptake 4Q24/1H25; Supply Chain Preparing

​Elan Microelectronics is poised for growth in the AI PC upgrade cycle, with a strong position in the market and potential impact expected in late...

Vincent Fernando, CFA

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

Elan Microelectronics is poised for growth in the AI PC upgrade cycle, with a strong position in the market and potential impact expected in late...