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>Cirrus Logic has reported strong financial performance for the second quarter of fiscal year 2025.</li><li>The company achieved record revenue and earnings per share, with revenue reaching $541.9 million.</li><li>This figure was near the upper end of their guidance range and reflects strong demand for components used in smartphones.</li></ul>

Cirrus Logic has reported strong financial performance for the second quarter of fiscal year 2025.The company achieved record revenue and earnings per share, with revenue reaching $541.9 million.This figure was near the upper end of their guidance range and reflects strong demand for components used in smartphones.

Cirrus Logic Inc.: Will Its Expansion into Laptop Markets Bring A Shift In The Competitive Dynamics?  - Major Drivers

<ul><li>Cirrus Logic reported a solid financial performance in the first quarter of fiscal year 2025, achieving above guidance revenue at $374 million, driven by stronger-than-expected smartphone shipments.</li><li>This 18% year over-year growth highlights the company's expanding presence and effectiveness within the high performance mixed-signal (HPMS) sectors.</li><li>Gross margins also saw a slight improvement year-over-year, even though they underwent a 130-basis-point decrease sequentially due to increased supply chain costs pertaining to new product ramps.</li></ul>

Cirrus Logic reported a solid financial performance in the first quarter of fiscal year 2025, achieving above guidance revenue at $374 million, driven by stronger-than-expected smartphone shipments.This 18% year over-year growth highlights the company's expanding presence and effectiveness within the high performance mixed-signal (HPMS) sectors.Gross margins also saw a slight improvement year-over-year, even though they underwent a 130-basis-point decrease sequentially due to increased supply chain costs pertaining to new product ramps.

Cirrus Logic Inc.: Expansion into the PC Market & Development of High-performance Mixed-Signal Products Driving Our Optimism! - Major Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We continue to play the hand we have been dealt; i.e., riding the trend higher on the SPX and Nasdaq 100, and being overweight large-cap growth</li>
<li>Russell 1000 GrowthVs.Value ratio is breaking out from a 4-year base, suggesting growth's outperformance is likely to continue in the months ahead. Growth outperforming during bull markets is no surprise.</li>
<li>Latest bullish developments include the equal-weighted Nasdaq 100 (QQQE) breaking out from a 4-month base, while Discretionary (XLY) displays a 6-month base breakout and RS is reversing its YTD downtrend</li>
</ul>


We continue to play the hand we have been dealt; i.e., riding the trend higher on the SPX and Nasdaq 100, and being overweight large-cap growth
Russell 1000 GrowthVs.Value ratio is breaking out from a 4-year base, suggesting growth's outperformance is likely to continue in the months ahead. Growth outperforming during bull markets is no surprise.
Latest bullish developments include the equal-weighted Nasdaq 100 (QQQE) breaking out from a 4-month base, while Discretionary (XLY) displays a 6-month base breakout and RS is reversing its YTD downtrend


Play the Hand You're Dealt; Bullish Outlook Intact; Remain Overweight Large-Cap Growth; Tech Buys

<ul><li>Cirrus Logic has presented its financial results for the fourth quarter and the entire fiscal year 2024, revealing mixed outcomes that highlight both challenges and growth opportunities.</li><li>The company reported a fourth-quarter revenue of $378.1 million, surpassing the upper edge of the guidance range.</li><li>This surge was attributed to an unexpected rise in demand for smartphone components.</li></ul>

Cirrus Logic has presented its financial results for the fourth quarter and the entire fiscal year 2024, revealing mixed outcomes that highlight both challenges and growth opportunities.The company reported a fourth-quarter revenue of $378.1 million, surpassing the upper edge of the guidance range.This surge was attributed to an unexpected rise in demand for smartphone components.

Cirrus Logic Inc.: Market Expansion Into Laptops & PCs & Major Drivers

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>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

Cirrus Logic, Inc. is a fabless semiconductor company that develops audio and voice IC and software solutions for mobile communications, automotive entertainment, and consumer audio applications. Cirrus Logic is headquartered in Austin, Texas.

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Cirrus Logic (CRUS US)

Cirrus Logic Inc.: Will Its Expansion into Laptop Markets Bring A Shift In The Competitive Dynamics? - Major Drivers

Cirrus Logic has reported strong financial performance for the second quarter of fiscal year 2025. The company achieved record revenue and...

Baptista Research

Cirrus Logic Inc.: Expansion into the PC Market & Development of High-performance Mixed-Signal Products Driving Our Optimism! - Major Drivers

Cirrus Logic reported a solid financial performance in the first quarter of fiscal year 2025, achieving above guidance revenue at $374 million,...

Baptista Research

Play the Hand You're Dealt; Bullish Outlook Intact; Remain Overweight Large-Cap Growth; Tech Buys

Play the Hand You're Dealt; Bullish Outlook Intact $SPX $QQQ $IWM; Remain Overweight Large-Cap Growth $IWF $NVDA $AVGO $TSM $AMD $ASML $AAPL $MSFT...

Vermilion Research

Cirrus Logic Inc.: Market Expansion Into Laptops & PCs & Major Drivers

Cirrus Logic has presented its financial results for the fourth quarter and the entire fiscal year 2024, revealing mixed outcomes that highlight...

Baptista Research

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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