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>Tower Semiconductor posted a solid financial performance for the second quarter of 2024, showcasing revenue of $351 million and a net profit of about $53 million, translating to a net margin of approximately 15%.</li><li>Notably, the company achieved sequential quarterly revenue growth as previously targeted and forecasts continued growth with a third-quarter revenue guidance of $370 million, plus or minus 5%.</li><li>The commitment to driving innovation and expanding market leadership was evident throughout the period.</li></ul>

Tower Semiconductor posted a solid financial performance for the second quarter of 2024, showcasing revenue of $351 million and a net profit of about $53 million, translating to a net margin of approximately 15%.Notably, the company achieved sequential quarterly revenue growth as previously targeted and forecasts continued growth with a third-quarter revenue guidance of $370 million, plus or minus 5%.The commitment to driving innovation and expanding market leadership was evident throughout the period.

Tower Semiconductor: Enhanced Capacity and Technological Advancements in Silicon Photonics and RF-SOI Are Major Growth Drivers! - Financial Forecasts

Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

<ul><li>Tower is a pure-play analog semiconductor wafer foundry that manufactures SiGe, Silicon Photonics, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices in the US, Israel, Japan and Italy.</li><li>It is serving markets in mobile such as RF High Position analog, as well as in CMOS image sensors, and power management.</li><li>Its new fab in Italy in partnership with STMicro that has started shipping product and whose capacity will continue to ramp over the next two years.</li></ul>

Tower is a pure-play analog semiconductor wafer foundry that manufactures SiGe, Silicon Photonics, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices in the US, Israel, Japan and Italy.It is serving markets in mobile such as RF High Position analog, as well as in CMOS image sensors, and power management.Its new fab in Italy in partnership with STMicro that has started shipping product and whose capacity will continue to ramp over the next two years.

TSEM: Tower is Expected to Return to Growth in Q3 in Part From Silicon Photonics Usage in Data Centers Driven By AI

<ul><li>This is our first report on independent semiconductor foundry, Tower Semiconductor.</li><li>The company reported its fourth-quarter and full-year financial results for 2023, with industry-wide slowdowns marking the past year and resulting in an annual revenue of $1.42 billion.</li><li>Despite this, there are clear indicators of market recovery observed by the company, with renewed demand across several key market segments as the company transitioned into 2024.</li></ul>

This is our first report on independent semiconductor foundry, Tower Semiconductor.The company reported its fourth-quarter and full-year financial results for 2023, with industry-wide slowdowns marking the past year and resulting in an annual revenue of $1.42 billion.Despite this, there are clear indicators of market recovery observed by the company, with renewed demand across several key market segments as the company transitioned into 2024.

Tower Semiconductor Ltd.: How Are They Enhancing AI Capabilities & Expanding Into 300-millimeter Wafer Technology! - Major Drivers

<ul><li>Tower is a pure-play analog semiconductor wafer foundry that manufactures SiGe, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices in the US, Israel, and Japan.</li><li>It is serving markets in mobile such as RF High Position analog, as well as in CMOS image sensors, and power management.</li><li>It also added a new fab in Italy in partnership with STMicro that has just started shipping product and whose capacity will continue to ramp over the next two years.</li></ul>

Tower is a pure-play analog semiconductor wafer foundry that manufactures SiGe, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices in the US, Israel, and Japan.It is serving markets in mobile such as RF High Position analog, as well as in CMOS image sensors, and power management.It also added a new fab in Italy in partnership with STMicro that has just started shipping product and whose capacity will continue to ramp over the next two years.

TSEM: Tower's Revenues May Have Bottomed  Sequential Improvement is Expected Going Forward

Tower Semiconductor Ltd: Initiation Of Coverage - Will The Rebound in the Mobile Market & RF Infrastructure Catalyze Growth? - Major Drivers

Israel

Tower Semiconductor Ltd. (TowerJazz) is an independent foundry providing semiconductor integrated circuits manufacturing & related design services. The Company manufactures wafers using its technologies & production capability and the proprietary designs of its customers. TowerJazz's integrated circuits are incorporated into a wide range of products in diverse markets.

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Tower Semiconductor (TSEM US)

Tower Semiconductor: Enhanced Capacity and Technological Advancements in Silicon Photonics and RF-SOI Are Major Growth Drivers! - Financial Forecasts

Tower Semiconductor posted a solid financial performance for the second quarter of 2024, showcasing revenue of $351 million and a net profit of...

Baptista Research

TSEM: Tower is Expected to Return to Growth in Q3 in Part From Silicon Photonics Usage in Data Centers Driven By AI

Tower is a pure-play analog semiconductor wafer foundry that manufactures SiGe, Silicon Photonics, MEMS, RF, embedded flash-based memory,...

Zacks Small Cap Research

Tower Semiconductor Ltd.: How Are They Enhancing AI Capabilities & Expanding Into 300-millimeter Wafer Technology! - Major Drivers

This is our first report on independent semiconductor foundry, Tower Semiconductor. The company reported its fourth-quarter and full-year...

Baptista Research

TSEM: Tower's Revenues May Have Bottomed Sequential Improvement is Expected Going Forward

Tower is a pure-play analog semiconductor wafer foundry that manufactures SiGe, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and...

Zacks Small Cap Research

Tower Semiconductor Ltd: Initiation Of Coverage - Will The Rebound in the Mobile Market & RF Infrastructure Catalyze Growth? - Major Drivers

This is our first report on independent semiconductor foundry, Tower Semiconductor. The company reported its fourth-quarter and full-year...

Baptista Research

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