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 has moved from AI data-center supplier to potential Physical AI platform builder after agreeing to acquire Synaptics (NASDAQ:SYNA) in an all-stock transaction with an enterprise value of about $7 billion.</li><li>The proposed terms call for 1.350 ON shares for each Synaptics share, implying roughly a 19% premium to the two companies’ 10-day volume-weighted average prices, while Synaptics shareholders would own about 12% of the pro forma company.</li><li>ON shares fell after hours after the announcement, reflecting investor debate over timing, integration risk, and the choice of stock financing.</li></ul>

ON Semiconductor has moved from AI data-center supplier to potential Physical AI platform builder after agreeing to acquire Synaptics (NASDAQ:SYNA) in an all-stock transaction with an enterprise value of about $7 billion.The proposed terms call for 1.350 ON shares for each Synaptics share, implying roughly a 19% premium to the two companies’ 10-day volume-weighted average prices, while Synaptics shareholders would own about 12% of the pro forma company.ON shares fell after hours after the announcement, reflecting investor debate over timing, integration risk, and the choice of stock financing.

ON Semiconductor’s Synaptics Deal Could Redefine Physical AI!

<ul><li>ON Semiconductor Corporation reported its first quarter financial results for 2026 with revenues of $1.51 billion, modestly down 1% sequentially but up 5% year-over-year, surpassing the midpoint of its guidance.</li><li>The company highlighted a third consecutive quarter of gross margin expansion to 38.5%, driven by structural improvements in manufacturing efficiency and a leaner cost structure.</li><li>Non-GAAP diluted earnings per share were $0.64, outperforming expectations, supported by revenue growth in key segments such as AI data centers and automotive.</li></ul>

ON Semiconductor Corporation reported its first quarter financial results for 2026 with revenues of $1.51 billion, modestly down 1% sequentially but up 5% year-over-year, surpassing the midpoint of its guidance.The company highlighted a third consecutive quarter of gross margin expansion to 38.5%, driven by structural improvements in manufacturing efficiency and a leaner cost structure.Non-GAAP diluted earnings per share were $0.64, outperforming expectations, supported by revenue growth in key segments such as AI data centers and automotive.

ON Semiconductor Faces A MASSIVE 2026 Recovery Test Beyond Headline Results!

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>U.S. power semiconductor maker ON Semiconductor Corp. (Onsemi) said it will establish a Greater China headquarters in Shanghai and invest about $50 million in the country over the next three years, stepping up local decision-making and investment as demand rises from electric vehicles, renewable energy and AI data centers.</li><li>The Nasdaq-listed company announced the move Tuesday in Shanghai. It said it plans to appoint a China general manager, who will also oversee its systems engineering business, in a bid to tighten coordination between technology and management and respond more quickly to automotive, industrial and data-center customers.</li><li>President and chief executive Hassane El-Khoury said China is not only a key market but is increasingly a source of innovation. He said the company’s China strategy goes beyond manufacturing and focuses on developing solutions with customers and scaling those innovations globally.</li></ul>

U.S. power semiconductor maker ON Semiconductor Corp. (Onsemi) said it will establish a Greater China headquarters in Shanghai and invest about $50 million in the country over the next three years, stepping up local decision-making and investment as demand rises from electric vehicles, renewable energy and AI data centers.The Nasdaq-listed company announced the move Tuesday in Shanghai. It said it plans to appoint a China general manager, who will also oversee its systems engineering business, in a bid to tighten coordination between technology and management and respond more quickly to automotive, industrial and data-center customers.President and chief executive Hassane El-Khoury said China is not only a key market but is increasingly a source of innovation. He said the company’s China strategy goes beyond manufacturing and focuses on developing solutions with customers and scaling those innovations globally.

U.S. Chipmaker Onsemi Doubles Down on China With New Shanghai Headquarters 

<ul><li>ON Semiconductor Corporation reported its financial results for the fourth quarter and full year 2025 amid a challenging demand environment, yet maintained a disciplined approach delivering $6 billion in revenue with a non-GAAP gross margin of 38.4%.</li><li>The company highlighted progress in technology leadership and positioned its portfolio towards growth markets such as automotive, industrial, aerospace, defense, and AI data centers.</li><li>Strategic initiatives included launches of new products like the Treo Platform and advancements in Wide Bandgap technologies such as lateral and vertical GaN devices.</li></ul>

ON Semiconductor Corporation reported its financial results for the fourth quarter and full year 2025 amid a challenging demand environment, yet maintained a disciplined approach delivering $6 billion in revenue with a non-GAAP gross margin of 38.4%.The company highlighted progress in technology leadership and positioned its portfolio towards growth markets such as automotive, industrial, aerospace, defense, and AI data centers.Strategic initiatives included launches of new products like the Treo Platform and advancements in Wide Bandgap technologies such as lateral and vertical GaN devices.

ON Semiconductor: A 68% Utilization Rate Highlights Ongoing Demand Weakness!

CEO / Founder, Crea8

Kim-Hwa Lim

CEO / Founder

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Crea8

Crea8 blends AI-driven precision, big data scalability, and rigorous quantitative frameworks with seasoned human insight. By extracting actionable intelligence from vast global datasets, we eliminate emotional bias and deliver optimal risk-adjusted returns. Our hybrid approach uncovers hidden market efficiencies and ensures your capital is dynamically positioned across markets.

Cross Asset Strategy

<ul><li>The strategy seeks to invest in a subset of stocks owned by globally renowned fund managers, but limited to those that are Shariah compliant. </li><li><p>The fund managers followed are: Berkshire Hathaway Inc (Warren Buffet, Greg Abel) , Duquesne Family Office LLC (Stanley Druckenmiller), etc</p></li><li>By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across  countries and industries; and optimised with respect to their expected risks and returns.</li></ul>

The strategy seeks to invest in a subset of stocks owned by globally renowned fund managers, but limited to those that are Shariah compliant. The fund managers followed are: Berkshire Hathaway Inc (Warren Buffet, Greg Abel) , Duquesne Family Office LLC (Stanley Druckenmiller), etcBy adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across  countries and industries; and optimised with respect to their expected risks and returns.

Global Top Fund Managers (Shariah) Portfolio (18-Aug-2026)

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.

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On Semiconductor (ON US)

ON Semiconductor’s Synaptics Deal Could Redefine Physical AI!

ON Semiconductor has moved from AI data-center supplier to potential Physical AI platform builder after agreeing to acquire Synaptics...

Baptista Research

ON Semiconductor Faces A MASSIVE 2026 Recovery Test Beyond Headline Results!

ON Semiconductor Corporation reported its first quarter financial results for 2026 with revenues of $1.51 billion, modestly down 1% sequentially...

Baptista Research

U.S. Chipmaker Onsemi Doubles Down on China With New Shanghai Headquarters

U.S. power semiconductor maker ON Semiconductor Corp. (Onsemi) said it will establish a Greater China headquarters in Shanghai and invest about...

Caixin Global

ON Semiconductor: A 68% Utilization Rate Highlights Ongoing Demand Weakness!

ON Semiconductor Corporation reported its financial results for the fourth quarter and full year 2025 amid a challenging demand environment, yet...

Baptista Research

Global Top Fund Managers (Shariah) Portfolio (18-Aug-2026)

The strategy seeks to invest in a subset of stocks owned by globally renowned fund managers, but limited to those that are Shariah...

Crea8

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