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, Inc. exceeded analyst expectations in terms of revenue as well as earnings, reporting a commendable revenue of $481.1 million, reaching the upper echelon of the guidance range.</li><li>The gross margin exhibited notable strength, with a non-GAAP gross profit of $247 million and a margin of 51.3%, surpassing the high end of the provided guidance range.</li><li>Looking ahead to the Q3 fiscal year '24, their team forecasts revenue between $510 million and $570 million, with a gross margin ranging from 49% to 51%.</li></ul>

Cirrus Logic, Inc. exceeded analyst expectations in terms of revenue as well as earnings, reporting a commendable revenue of $481.1 million, reaching the upper echelon of the guidance range.The gross margin exhibited notable strength, with a non-GAAP gross profit of $247 million and a margin of 51.3%, surpassing the high end of the provided guidance range.Looking ahead to the Q3 fiscal year '24, their team forecasts revenue between $510 million and $570 million, with a gross margin ranging from 49% to 51%.

Cirrus Logic Inc.: Unveiling the Strategy Behind Their Financial Triumph! - Major Drivers

<ul><li>Cirrus Logic, Inc. delivered an all-around beat in the most recent quarterly result.</li><li>With the help of its products, shipments, and smartphones, Cirrus Logic achieved revenue of $317 million, which was near the high end of its forecast for the quarter.</li><li>Beyond the laptop market, Cirrus Logic also continues to invest in additional products and client relationships that, in the long run, may increase both its revenue and market variety.</li></ul>

Cirrus Logic, Inc. delivered an all-around beat in the most recent quarterly result.With the help of its products, shipments, and smartphones, Cirrus Logic achieved revenue of $317 million, which was near the high end of its forecast for the quarter.Beyond the laptop market, Cirrus Logic also continues to invest in additional products and client relationships that, in the long run, may increase both its revenue and market variety.

Cirrus Logic Inc.: Exploring The Factors That Broaden Revenue and Market Diversity! - Major Drivers

<ul><li>Cirrus Logic managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The company achieved a significant revenue of $1.9 billion.</li><li>We give Cirrus Logic a 'Hold' rating with a revised target price.</li></ul>

Cirrus Logic managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.The company achieved a significant revenue of $1.9 billion.We give Cirrus Logic a 'Hold' rating with a revised target price.

Cirrus Logic Inc.: The Role Of Innovation & Other Factors In The Company’s Success – Key Drivers

<ul><li>Cirrus delivered a decent quarterly result with an all-around beat, driven by greater smartphone unit volumes linked to its customers' new product launches, resulting in revenue over the high end of its target range.</li><li>Furthermore, with the development of Cirrus' 22-nm codec, audio sensing and other signal processing use cases will benefit from increased performance and power efficiency.</li><li>The management has been working with several customers to design their first amplifier created especially for this market.</li></ul>

Cirrus delivered a decent quarterly result with an all-around beat, driven by greater smartphone unit volumes linked to its customers' new product launches, resulting in revenue over the high end of its target range.Furthermore, with the development of Cirrus' 22-nm codec, audio sensing and other signal processing use cases will benefit from increased performance and power efficiency.The management has been working with several customers to design their first amplifier created especially for this market.

Cirrus Logic Inc: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (01/23)

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/o2micro-international-limited" target="_blank" data-smartkarma-citation="entities:36418:1" rel="noopener">O2Micro International (OIIM US)</a> entered into a definitive agreement for going private with FNOF Precious Honour Limited at US$5.00 per ADS, a 54.8% to the undisturbed price (17 March).</li>
<li>Shareholders representing two-thirds of shares present and voting need to approve the deal. The rollover shareholders represent 16.90% of voting rights.</li>
<li>The offer is attractive in the context of O2Micro’s weakening performance and grim market conditions. At the last close, the gross spread is 18.2%. Expect a 1Q23 deal close.</li>
</ul>



O2Micro International (OIIM US) entered into a definitive agreement for going private with FNOF Precious Honour Limited at US$5.00 per ADS, a 54.8% to the undisturbed price (17 March).
Shareholders representing two-thirds of shares present and voting need to approve the deal. The rollover shareholders represent 16.90% of voting rights.
The offer is attractive in the context of O2Micro’s weakening performance and grim market conditions. At the last close, the gross spread is 18.2%. Expect a 1Q23 deal close.


O2Micro Enters into a Definite Privatisation Agreement at US$5.00 Per ADS

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.: Unveiling the Strategy Behind Their Financial Triumph! - Major Drivers

Cirrus Logic, Inc. exceeded analyst expectations in terms of revenue as well as earnings, reporting a commendable revenue of $481.1 million,...

Baptista Research

Cirrus Logic Inc.: Exploring The Factors That Broaden Revenue and Market Diversity! - Major Drivers

Cirrus Logic, Inc. delivered an all-around beat in the most recent quarterly result. With the help of its products, shipments, and smartphones,...

Baptista Research

Cirrus Logic Inc.: The Role Of Innovation & Other Factors In The Company’s Success – Key Drivers

Cirrus Logic managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. The company achieved a significant...

Baptista Research

Cirrus Logic Inc: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (01/23)

Cirrus delivered a decent quarterly result with an all-around beat, driven by greater smartphone unit volumes linked to its customers' new product...

Baptista Research

O2Micro Enters into a Definite Privatisation Agreement at US$5.00 Per ADS

The offer is attractive in the context of O2Micro’s weakening performance and grim market conditions. At the last close, the gross spread is 18.2%....

Arun George

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