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>ON Semiconductor concluded the fourth quarter in 2023 with remarkable achievements depicted by its transformation and ability to mitigate headwinds in challenging market conditions.</li><li>The quarter delivered non-GAAP gross margins of 46.7%, surpassing previous expectations.</li><li>Though utilization shrank to 66%, the gross margin reflects significant structural adjustments made over the past three years.</li></ul>

ON Semiconductor concluded the fourth quarter in 2023 with remarkable achievements depicted by its transformation and ability to mitigate headwinds in challenging market conditions.The quarter delivered non-GAAP gross margins of 46.7%, surpassing previous expectations.Though utilization shrank to 66%, the gross margin reflects significant structural adjustments made over the past three years.

ON Semiconductor Corporation: Growth in Silicon Carbide Business

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.

<ul>
<li>Mobileye surprised markets with <a href="https://substack.com/redirect/3fc360ae-f88e-43b3-82aa-f1bfc3fe83c0?j=eyJ1IjoiMmh6Z2Z6In0.muIDtmM5oyqUKBSSZiLNsipOMwhSsKSSacAB3JlN14Y" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://substack.com/redirect/3fc360ae-f88e-43b3-82aa-f1bfc3fe83c0?j%3DeyJ1IjoiMmh6Z2Z6In0.muIDtmM5oyqUKBSSZiLNsipOMwhSsKSSacAB3JlN14Y&amp;source=gmail&amp;ust=1704936787096000&amp;usg=AOvVaw3gN2WPAAz1H7pZBsCshbzm" rel="noopener">an extensive guide down to their results</a>.</li>
<li>Shares reacted poorly, but at first blush, it makes sense given the magnitude of the guide.  Let’s walk through the release.</li>
<li>It starts with inventory, and it’s clear their customers have too much inventory.</li>
</ul>


Mobileye surprised markets with an extensive guide down to their results.
Shares reacted poorly, but at first blush, it makes sense given the magnitude of the guide.  Let’s walk through the release.
It starts with inventory, and it’s clear their customers have too much inventory.


Mobileye Guides Down; Automotive Inventory, Memory Strength, and Marvell

<ul><li>ON Semiconductor Corporation delivered a positive result and managed an all-around beat in the quarter, achieving a revenue of $2.18 billion.</li><li>Significant revenue in the Automotive and Industrial segments was driven by robust demand for both silicon and silicon carbide.</li><li>The recent completion of the expansion of the world's largest silicon carbide fab in Bucheon positions ON Semiconductor to manufacture over 1 million 200-millimeter silicon carbide wafers annually.</li></ul>

ON Semiconductor Corporation delivered a positive result and managed an all-around beat in the quarter, achieving a revenue of $2.18 billion.Significant revenue in the Automotive and Industrial segments was driven by robust demand for both silicon and silicon carbide.The recent completion of the expansion of the world's largest silicon carbide fab in Bucheon positions ON Semiconductor to manufacture over 1 million 200-millimeter silicon carbide wafers annually.

ON Semiconductor Corporation: Revolutionizing Industrial and Commercial Imaging! - Major Drivers

<ul>
<li>The sickness in Silicon Carbide started at On semi.</li>
<li>Let’s look through the results and see the drivers, the big deal, and what we should do about it.</li>
<li>The market freaked out about Silicon Carbide, specifically On semiconductor, saying that automotive demand for the year will be weaker.</li>
</ul>


The sickness in Silicon Carbide started at On semi.
Let’s look through the results and see the drivers, the big deal, and what we should do about it.
The market freaked out about Silicon Carbide, specifically On semiconductor, saying that automotive demand for the year will be weaker.


<ul><li>ON Semiconductor Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>In the quarter, revenue, gross margin, and earnings per share increased significantly.</li><li>PSG revenue increased, with increases in the Auto and Energy infrastructure sectors.</li></ul>

ON Semiconductor Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.In the quarter, revenue, gross margin, and earnings per share increased significantly.PSG revenue increased, with increases in the Auto and Energy infrastructure sectors.

ON Semiconductor Corporation: 4 Pillars Behind The Company's Revenue Uptick! - Financial Forecasts

United States

ON Semiconductor Corporation supplies analog, standard logic, and discrete semiconductors for data and power management. The Company's products include integrated circuits, and analog ICs. ON also offers discrete semiconductors in a variety of surface mount and standard packages.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

On Semiconductor (ON US)

ON Semiconductor Corporation: Growth in Silicon Carbide Business

ON Semiconductor concluded the fourth quarter in 2023 with remarkable achievements depicted by its transformation and ability to mitigate...

Baptista Research

Mobileye Guides Down; Automotive Inventory, Memory Strength, and Marvell

Mobileye surprised markets with an extensive guide down to their results. Shares reacted poorly, but at first blush, it makes sense given the...

Fabricated Knowledge

ON Semiconductor Corporation: Revolutionizing Industrial and Commercial Imaging! - Major Drivers

ON Semiconductor Corporation delivered a positive result and managed an all-around beat in the quarter, achieving a revenue of $2.18...

Baptista Research

SiC as a Dog (Part 2)

The sickness in Silicon Carbide started at On semi. Let’s look through the results and see the drivers, the big deal, and what we should do about...

Fabricated Knowledge

ON Semiconductor Corporation: 4 Pillars Behind The Company's Revenue Uptick! - Financial Forecasts

ON Semiconductor Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. In the quarter,...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)