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>Skyworks Solutions recently reported its first fiscal quarter of 2025, delivering results that met or surpassed expectations in key financial metrics.</li><li>The company posted a revenue of $1.068 billion, with earnings per share of $1.60 and generated a free cash flow of $338 million.</li><li>These results were slightly above the midpoint of guidance, reflecting successful revenue growth strategies, particularly across its mobile and broad markets segments.</li></ul>

Skyworks Solutions recently reported its first fiscal quarter of 2025, delivering results that met or surpassed expectations in key financial metrics.The company posted a revenue of $1.068 billion, with earnings per share of $1.60 and generated a free cash flow of $338 million.These results were slightly above the midpoint of guidance, reflecting successful revenue growth strategies, particularly across its mobile and broad markets segments.

Skyworks Solutions: Automotive Sector Expansion For Increased Connectivity & Automation!

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>There are no constituent changes for the <a href="https://www.smartkarma.com/entities/vaneck-vectors-semiconductor" target="_blank" data-smartkarma-citation="entities:32807:1" rel="noopener">VanEck Vectors Semiconductor (SMH US)</a> ETF in June but there are a lot of float and capping changes.</li>
<li>Estimated one-way turnover is 2.5% resulting in a round-trip trade of US$1.2bn. Impact on the stocks is small given they are highly liquid.</li>
<li>There will be more flows in a lot of these stocks from trackers of the <a href="https://www.smartkarma.com/entities/technology-select-sector-spdr" target="_blank" data-smartkarma-citation="entities:27543:1" rel="noopener">Technology Select Sector SPDR (XLK US)</a>. <a href="https://www.smartkarma.com/entities/broadcom-inc" target="_blank" data-smartkarma-citation="entities:998:1" rel="noopener">Broadcom (AVGO US)</a> will have largest outflows.</li>
</ul>


There are no constituent changes for the VanEck Vectors Semiconductor (SMH US) ETF in June but there are a lot of float and capping changes.
Estimated one-way turnover is 2.5% resulting in a round-trip trade of US$1.2bn. Impact on the stocks is small given they are highly liquid.
There will be more flows in a lot of these stocks from trackers of the Technology Select Sector SPDR (XLK US). Broadcom (AVGO US) will have largest outflows.


MV US Listed Semiconductor 25 Index Rebalance: US$1.2bn Round-Trip Trade

<ul><li>Skyworks Solutions posted robust performance during the fourth fiscal quarter of 2024, marked by revenues of $1.025 billion and earnings per share (EPS) at $1.55, aligning with or surpassing prior guidance midpoints.</li><li>The company generated $393 million in free cash flow, continuing its trend of strong cash generation, which for a second consecutive year surpassed $1.6 billion annually.</li><li>This financial stability underpins investments in technology advancements and product development crucial for future growth.</li></ul>

Skyworks Solutions posted robust performance during the fourth fiscal quarter of 2024, marked by revenues of $1.025 billion and earnings per share (EPS) at $1.55, aligning with or surpassing prior guidance midpoints.The company generated $393 million in free cash flow, continuing its trend of strong cash generation, which for a second consecutive year surpassed $1.6 billion annually.This financial stability underpins investments in technology advancements and product development crucial for future growth.

Skyworks Solutions: An Insight Into Its Diversification in Broad Markets & Other Major Drivers

<ul><li>Skyworks Solutions reported its fiscal third quarter 2024 results, highlighting revenues, earnings per share (EPS), and free cash flow that either met or exceeded prior guidance.</li><li>The company achieved revenues of $906 million and an EPS of $1.21.</li><li>Notably, their free cash flow generation remained robust, totaling $249 million for the quarter and reaching $1.3 billion year-to-date, which represents a significant 40% margin.</li></ul>

Skyworks Solutions reported its fiscal third quarter 2024 results, highlighting revenues, earnings per share (EPS), and free cash flow that either met or exceeded prior guidance.The company achieved revenues of $906 million and an EPS of $1.21.Notably, their free cash flow generation remained robust, totaling $249 million for the quarter and reaching $1.3 billion year-to-date, which represents a significant 40% margin.

Skyworks Solutions: Advancements in Data Centers and Wireless Infrastructure! - Major Drivers

<ul><li>Skyworks Solutions Inc. management shared both encouraging and concerning updates in its recent earnings.</li><li>On the positive side, the company demonstrated solid financial performance in the second fiscal quarter of 2024, including revenue of $1.046 billion, earnings per share of $1.55, and generation of $300 million in operating cash flow.</li><li>The company sees significant opportunities in the edge IoT market with a robust design win pipeline for WiFi 6E and WiFi 7, indicating a possible multiyear upgrade cycle.</li></ul>

Skyworks Solutions Inc. management shared both encouraging and concerning updates in its recent earnings.On the positive side, the company demonstrated solid financial performance in the second fiscal quarter of 2024, including revenue of $1.046 billion, earnings per share of $1.55, and generation of $300 million in operating cash flow.The company sees significant opportunities in the edge IoT market with a robust design win pipeline for WiFi 6E and WiFi 7, indicating a possible multiyear upgrade cycle.

Skyworks Solutions Inc.: Continued Investment in Technology and Product Roadmaps! - Major Drivers

United States

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications.  The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

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Skyworks Solutions (SWKS US)

Skyworks Solutions: Automotive Sector Expansion For Increased Connectivity & Automation!

Skyworks Solutions recently reported its first fiscal quarter of 2025, delivering results that met or surpassed expectations in key financial...

Baptista Research

MV US Listed Semiconductor 25 Index Rebalance: US$1.2bn Round-Trip Trade

There are no constituent changes but float and capping changes result in an estimated one-way turnover of 2.5% and in a round-trip trade of...

Brian Freitas

Skyworks Solutions: An Insight Into Its Diversification in Broad Markets & Other Major Drivers

Skyworks Solutions posted robust performance during the fourth fiscal quarter of 2024, marked by revenues of $1.025 billion and earnings per share...

Baptista Research

Skyworks Solutions: Advancements in Data Centers and Wireless Infrastructure! - Major Drivers

Skyworks Solutions reported its fiscal third quarter 2024 results, highlighting revenues, earnings per share (EPS), and free cash flow that either...

Baptista Research

Skyworks Solutions Inc.: Continued Investment in Technology and Product Roadmaps! - Major Drivers

Skyworks Solutions Inc. management shared both encouraging and concerning updates in its recent earnings. On the positive side, the company...

Baptista Research

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