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>Peloton Interactive, Inc. delivered a mixed set of results for the previous quarter with revenues above the analyst consensus.</li><li>The company has witnessed a remarkable surge in engagement with Generation Z, successfully capturing individuals at the outset of their fitness journeys.</li><li>The introduction of Peloton for Business has been a notable success, contributing positively to the company's momentum.</li></ul>

Peloton Interactive, Inc. delivered a mixed set of results for the previous quarter with revenues above the analyst consensus.The company has witnessed a remarkable surge in engagement with Generation Z, successfully capturing individuals at the outset of their fitness journeys.The introduction of Peloton for Business has been a notable success, contributing positively to the company's momentum.

Peloton Interactive Inc.: Unveiling Peloton for Business - The Secret Weapon Fueling Momentum! - Major Drivers

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>Semiconductor revenues have enjoyed month over month growth since April</li>
<li>This growth is higher than the industry's long-term average 3.9% growth</li>
<li>It looks as if the industry is starting another of its typical cycles.</li>
</ul>


Semiconductor revenues have enjoyed month over month growth since April
This growth is higher than the industry's long-term average 3.9% growth
It looks as if the industry is starting another of its typical cycles.


SIA: Semiconductors Up for Fourth Consecutive Month

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

<ul>
<li>Q2'23 marked a turning point with semi sales, memory, silicon wafer &amp; PC shipments PC registering modest QoQ growth while smartphones and server shipments barely missed the cut.</li>
<li>Despite this positive turn of events, the memory segment remains mired in losses and the outlook for foundry is getting worse, not better</li>
<li>The much anticipated second half recovery will be muted at best</li>
</ul>


Q2'23 marked a turning point with semi sales, memory, silicon wafer &amp; PC shipments PC registering modest QoQ growth while smartphones and server shipments barely missed the cut.
Despite this positive turn of events, the memory segment remains mired in losses and the outlook for foundry is getting worse, not better
The much anticipated second half recovery will be muted at best


<ul><li>Western Digital Corporation delivered an all-around beat in the quarter, with total revenue of $2.7 billion.</li><li>In the fourth quarter, cloud comprised 37% of all revenue at $1 billion, down 18% from the previous quarter and 53% from the previous year.</li><li>Shipments of nearline bits were 59 exabytes, a 26% sequential decline driven by persistent difficulties among cloud clients.</li></ul>

Western Digital Corporation delivered an all-around beat in the quarter, with total revenue of $2.7 billion.In the fourth quarter, cloud comprised 37% of all revenue at $1 billion, down 18% from the previous quarter and 53% from the previous year.Shipments of nearline bits were 59 exabytes, a 26% sequential decline driven by persistent difficulties among cloud clients.

Western Digital Corporation: How Cloud is Redefining Their Revenue Streams! - Major Drivers

Silicon Motion Technology / Equity Bottom-Up

<ul>
<li>MaxLinear's acquisition of Silicon Motion has been abandoned, with both sides threatening arbitration. </li>
<li>It is difficult to understand why the acquisition would have resulted in the synergies projected by management.  The businesses are very different.</li>
<li>Assuming the companies go different ways, expect for SiMo to perform as it has in the past.</li>
</ul>


MaxLinear's acquisition of Silicon Motion has been abandoned, with both sides threatening arbitration. 
It is difficult to understand why the acquisition would have resulted in the synergies projected by management.  The businesses are very different.
Assuming the companies go different ways, expect for SiMo to perform as it has in the past.


United States

Western Digital Corporation is a global provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video. The Company's products include hard drives, solid-state drives, and home entertainment and networking products.

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Western Digital (WDC US)

Peloton Interactive Inc.: Unveiling Peloton for Business - The Secret Weapon Fueling Momentum! - Major Drivers

Peloton Interactive, Inc. delivered a mixed set of results for the previous quarter with revenues above the analyst consensus. The company has...

Baptista Research

SIA: Semiconductors Up for Fourth Consecutive Month

The semiconductor industry seems to be starting another cycle, with revenues increasing for the past four months. This Insight compares past...

Jim Handy

Q2'23 Semiconductor Review & Outlook

Q2'23 saw semi sales, memory, silicon wafer & PC shipments PC with modest QoQ growth. Smartphones and server shipments barely missed the cut....

William Keating

Western Digital Corporation: How Cloud is Redefining Their Revenue Streams! - Major Drivers

Western Digital Corporation delivered an all-around beat in the quarter, with total revenue of $2.7 billion. In the fourth quarter, cloud...

Baptista Research

What's Next for SiMo?

MaxLinear has called off its planned acquisition of Silicon Motion. Does this indicate future problems for SiMo? Not necessarily.

Jim Handy

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