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>In the third quarter of 2025, NXP Semiconductors reported solid financial performance with revenue reaching $3.17 billion.</li><li>This represents a sequential growth of 8%, although there was a slight decline of 2% year-on-year.</li><li>The company’s revenue exceeded guidance by $23 million, indicating a better-than-anticipated performance across all regions and end markets.</li></ul>

In the third quarter of 2025, NXP Semiconductors reported solid financial performance with revenue reaching $3.17 billion.This represents a sequential growth of 8%, although there was a slight decline of 2% year-on-year.The company’s revenue exceeded guidance by $23 million, indicating a better-than-anticipated performance across all regions and end markets.

NXP Semiconductors’ IoT Weapons: Smart Glasses, Energy Systems & More!

Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

<ul><li>In this edition: • ASML Holding | reiterates FY25 outlook – expects revenue growth in 2026 • Heineken | to transform its Amsterdam headquarters; additional reduction 400 jobs • InPost | Royal Mail plans to double its UK parcel points by 2030 • Shell | FID on Nigerian offshore gas project • bpostgroup | launches a new B2B proposition: Night Delivery • Nexperia | more information on what led to this week’s events</li></ul>

In this edition: • ASML Holding | reiterates FY25 outlook – expects revenue growth in 2026 • Heineken | to transform its Amsterdam headquarters; additional reduction 400 jobs • InPost | Royal Mail plans to double its UK parcel points by 2030 • Shell | FID on Nigerian offshore gas project • bpostgroup | launches a new B2B proposition: Night Delivery • Nexperia | more information on what led to this week’s events

NXP Semiconductors NV - What's News in Amsterdam

<ul><li>In this edition: • TomTom | positive undertone in FY25 guidance after clear beat in 3Q25 • Tech and Automotive sectors | China strikes back: ban on all Nexperia products</li></ul>

In this edition: • TomTom | positive undertone in FY25 guidance after clear beat in 3Q25 • Tech and Automotive sectors | China strikes back: ban on all Nexperia products

NXP Semiconductors NV - What's News in Amsterdam - 14 October (TomTom | Tech & Automotive sectors)

<ul><li>NXP Semiconductors N.V. has reported its financial performance for the second quarter of 2025, providing insights into both the challenges and opportunities it faces in the semiconductor market.</li><li>NXP's revenue for the quarter was $2.93 billion, marginally above the midpoint of its prior guidance but down 6% compared to the same period last year.</li><li>The company noted a non-GAAP operating margin of 32%, which, while above the midpoint of their guidance, reflects a decrease compared to the previous year.</li></ul>

NXP Semiconductors N.V. has reported its financial performance for the second quarter of 2025, providing insights into both the challenges and opportunities it faces in the semiconductor market.NXP's revenue for the quarter was $2.93 billion, marginally above the midpoint of its prior guidance but down 6% compared to the same period last year.The company noted a non-GAAP operating margin of 32%, which, while above the midpoint of their guidance, reflects a decrease compared to the previous year.

NXP Semiconductor: Initiation of Coverage- Igniting An Auto Revolution with Game-Changing Software-Defined Vehicle Tech!

Technology / Semiconductor / Internet Research

Nicolas Baratte

<ul>
<li>Bold statement by Management: early stage of cyclical recovery, new upcycle beginning. 2Q result and 3Q guidance show a smaller pace of YoY decline, converging slowly to 0. </li>
<li>Other than an increasing order book, Management not forthcoming on details. In Automotive NXP has outperformed its peers during this latest downcycle with a smaller pace of decline.</li>
<li>Stock valuations at 20x 2025 EPS, 16.8x 2026 EPS, which are almost +1 standard deviation above average PEx. No room for error here.</li>
</ul>


Bold statement by Management: early stage of cyclical recovery, new upcycle beginning. 2Q result and 3Q guidance show a smaller pace of YoY decline, converging slowly to 0. 
Other than an increasing order book, Management not forthcoming on details. In Automotive NXP has outperformed its peers during this latest downcycle with a smaller pace of decline.
Stock valuations at 20x 2025 EPS, 16.8x 2026 EPS, which are almost +1 standard deviation above average PEx. No room for error here.


Netherlands

NXP Semiconductors NV operates as a global semiconductor company. The Company designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking.  NXP offers its products to the automotive, identification, wireless infrastructure, lighting, mobile, and computing applications.

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Nxp Semiconductors Nv (NXPI US)

NXP Semiconductors’ IoT Weapons: Smart Glasses, Energy Systems & More!

In the third quarter of 2025, NXP Semiconductors reported solid financial performance with revenue reaching $3.17 billion. This represents a...

Baptista Research

NXP Semiconductors NV - What's News in Amsterdam

In this edition: • ASML Holding | reiterates FY25 outlook – expects revenue growth in 2026 • Heineken | to transform its Amsterdam headquarters;...

The IDEA!

NXP Semiconductors NV - What's News in Amsterdam - 14 October (TomTom | Tech & Automotive sectors)

In this edition: • TomTom | positive undertone in FY25 guidance after clear beat in 3Q25 • Tech and Automotive sectors | China strikes back: ban...

The IDEA!

NXP Semiconductor: Initiation of Coverage- Igniting An Auto Revolution with Game-Changing Software-Defined Vehicle Tech!

NXP Semiconductors N.V. has reported its financial performance for the second quarter of 2025, providing insights into both the challenges and...

Baptista Research

NXP 2Q25: Slowly Getting Out of the Hole

Management predicts the start of a new upcycle with improving financials, but stock valuations are high with little margin for error.

Nicolas Baratte

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

NXP Semiconductors’ IoT Weapons: Smart Glasses, Energy Systems & More!

In the third quarter of 2025, NXP Semiconductors reported solid financial performance with revenue reaching $3.17 billion. This represents a...

Baptista Research

NXP Semiconductors NV - What's News in Amsterdam

In this edition: • ASML Holding | reiterates FY25 outlook – expects revenue growth in 2026 • Heineken | to transform its Amsterdam headquarters;...

The IDEA!

NXP Semiconductors NV - What's News in Amsterdam - 14 October (TomTom | Tech & Automotive sectors)

In this edition: • TomTom | positive undertone in FY25 guidance after clear beat in 3Q25 • Tech and Automotive sectors | China strikes back: ban...

The IDEA!

NXP Semiconductor: Initiation of Coverage- Igniting An Auto Revolution with Game-Changing Software-Defined Vehicle Tech!

NXP Semiconductors N.V. has reported its financial performance for the second quarter of 2025, providing insights into both the challenges and...

Baptista Research

NXP 2Q25: Slowly Getting Out of the Hole

​Management predicts the start of a new upcycle with improving financials, but stock valuations are high with little margin for error.

Nicolas Baratte

Management predicts the start of a new upcycle with improving financials, but stock valuations are high with little margin for error.