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>This is our first report on Skyworks, one of the leading suppliers of radio frequency (RF) components to the electronics industry.</li><li>The company delivered another all-around beat in the last quarter driven by its diversified portfolio and expanding set of customers.</li><li>Furthermore, the management delivered strong earnings in the automotive industry, with revenue strength emphasizing their connectivity and power isolation portfolio.</li></ul>

This is our first report on Skyworks, one of the leading suppliers of radio frequency (RF) components to the electronics industry.The company delivered another all-around beat in the last quarter driven by its diversified portfolio and expanding set of customers.Furthermore, the management delivered strong earnings in the automotive industry, with revenue strength emphasizing their connectivity and power isolation portfolio.

Skyworks Solutions Inc.: Initiation of Coverage – Business Strategy & Key Drivers

Taiwan Tech Focused Senior Analyst

Patrick Liao

<ul>
<li>For 2Q22 guidance, the revenue declines high single digits % QoQ, and GM falls between high twenties to low-thirties.</li>
<li>The current China smartphone inventory digestion won’t influence WinSemi's expansion plan because it’s in construction phase now.</li>
<li>It is due to cellular for 2Q22 decline, which is not easy to clarify whether it’s 4G, or 5G.</li>
</ul>


For 2Q22 guidance, the revenue declines high single digits % QoQ, and GM falls between high twenties to low-thirties.
The current China smartphone inventory digestion won’t influence WinSemi's expansion plan because it’s in construction phase now.
It is due to cellular for 2Q22 decline, which is not easy to clarify whether it’s 4G, or 5G.


WinSemi (3105.TT): 1Q22 Review/ 2Q22 Preview- To Be Further Downside

Stock Market News, Outlooks, and Top Picks, Cappuccino Finance

Cappuccino Finance

Stock Market News, Outlooks, and Top Picks

Cappuccino Finance, provides Financial vignettes for your cappuccino break!

Fun & informational articles to read in 10 min or less.

<ul><li>Amkor Technology manufactures and sells advanced semiconductor equipment.</li><li>They make semiconductor packaging and test services for leading semiconductor companies such as Intel, Samsung, AMD, and etc</li><li>The overall semiconductor industry has been growing, and Amkor’s revenue has been growing nicely as well.</li></ul>

Amkor Technology manufactures and sells advanced semiconductor equipment.They make semiconductor packaging and test services for leading semiconductor companies such as Intel, Samsung, AMD, and etcThe overall semiconductor industry has been growing, and Amkor’s revenue has been growing nicely as well.

<ul>
<li>WinSemi's revenue was NTD$5.56bn in 1Q22, which was -7.3% YoY and -22.96% QoQ.</li>
<li>We think WinSemi's revenue could be seeing upside until 3Q22, and it could be still struggling in 2Q22. </li>
<li>The optical devices decreased the weakest. The communication infrastructure aligned the supply chain. The handset and WiFi decreased seasonality and the WiFi router was impacted because of chip shortage.</li>
</ul>


WinSemi's revenue was NTD$5.56bn in 1Q22, which was -7.3% YoY and -22.96% QoQ.
We think WinSemi's revenue could be seeing upside until 3Q22, and it could be still struggling in 2Q22. 
The optical devices decreased the weakest. The communication infrastructure aligned the supply chain. The handset and WiFi decreased seasonality and the WiFi router was impacted because of chip shortage.


WinSemi (3105.TT): 1Q22 Preview- We Think the Hope Is in 3Q22.

Equity Long-Short Analyst

Pyari Menon

Thematic (Sector/Industry)

<ul>
<li>The companies that are best positioned to take advantage of the 5G growth are a mix of equipment vendors, chipset companies, device makers, and enterprise solution providers. </li>
<li>The top ten companies to benefit from 5G rollout based on innovation and citation count are <strong>Samsung Electronics, Qualcomm, LG Electronics, AT&amp;T, Huawei, Intel, Google, Ericsson, Apple,</strong> and <strong>Nokia </strong>
</li>
<li>A stand-out in 5G technology rankings is <a href="https://www.smartkarma.com/entities/lg-electronics-inc" target="_blank" data-smartkarma-citation="entities:8814:1" rel="noopener">LG Electronics (066570 KS)</a> which is punching well above its current market share in the industry. </li>
</ul>


The companies that are best positioned to take advantage of the 5G growth are a mix of equipment vendors, chipset companies, device makers, and enterprise solution providers. 
The top ten companies to benefit from 5G rollout based on innovation and citation count are Samsung Electronics, Qualcomm, LG Electronics, AT&amp;T, Huawei, Intel, Google, Ericsson, Apple, and Nokia 

A stand-out in 5G technology rankings is LG Electronics (066570 KS) which is punching well above its current market share in the industry. 


Stock Ideas from Data Mining Technical Publications: A Look at 5G

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 Inc.: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on Skyworks, one of the leading suppliers of radio frequency (RF) components to the electronics industry. The company...

Baptista Research

WinSemi (3105.TT): 1Q22 Review/ 2Q22 Preview- To Be Further Downside

For 2Q22 guidance, the revenue declines high single digits % QoQ, and GM falls between high twenties to low-thirties. The current China smartphone...

Patrick Liao

Where Are the Value Stocks?

Amkor Technology manufactures and sells advanced semiconductor equipment. They make semiconductor packaging and test services for leading...

Cappuccino Finance

WinSemi (3105.TT): 1Q22 Preview- We Think the Hope Is in 3Q22.

WinSemi's revenue was NTD$5.56bn in 1Q22, which was -7.3% YoY and -22.96% QoQ. We think WinSemi's revenue could be seeing upside until 3Q22, and it...

Patrick Liao

Stock Ideas from Data Mining Technical Publications: A Look at 5G

5G connectivity is expected to spawn new business and services across sectors. We review the technological positioning of companies competing in...

Pyari Menon

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