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>Synaptics, Inc. reported positive financial results for its third quarter of fiscal year 2025, delivering strong performance across its business segments despite a challenging macroeconomic environment.</li><li>The company's revenue grew by 12% year-over-year to $267 million, slightly exceeding the midpoint of its guidance range.</li><li>The non-GAAP gross margin was noted at 53.5%, in line with expectations, while non-GAAP earnings per share (EPS) rose significantly by 70% year-over-year to $0.90, surpassing the midpoint of Synaptics' guidance.</li></ul>

Synaptics, Inc. reported positive financial results for its third quarter of fiscal year 2025, delivering strong performance across its business segments despite a challenging macroeconomic environment.The company's revenue grew by 12% year-over-year to $267 million, slightly exceeding the midpoint of its guidance range.The non-GAAP gross margin was noted at 53.5%, in line with expectations, while non-GAAP earnings per share (EPS) rose significantly by 70% year-over-year to $0.90, surpassing the midpoint of Synaptics' guidance.

Synaptics Inc.: Strength in Enterprise & Automotive Segments Could Lay A Steady Foundation For Future Growth!

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

<ul>
<li>We hosted a conference call with Elan Microelectronics management; We view the company as a Structural Long position for the AI PC upgrade cycle.</li>
<li>From the company's perspective, significant impact from AI PC demand will come but not until 4Q24E or 1H25E. However, supply chain excess inventory improved and prepping for upcycle.</li>
<li>An estimated 90% of AI PC models launched at CES 2024 use Elan's products in their design; Elan well positioned for the upcycle and entrenching its position. Maintain Structural Long.</li>
</ul>


We hosted a conference call with Elan Microelectronics management; We view the company as a Structural Long position for the AI PC upgrade cycle.
From the company's perspective, significant impact from AI PC demand will come but not until 4Q24E or 1H25E. However, supply chain excess inventory improved and prepping for upcycle.
An estimated 90% of AI PC models launched at CES 2024 use Elan's products in their design; Elan well positioned for the upcycle and entrenching its position. Maintain Structural Long.


TechChain Insights: Call with Elan Micro; AI PC Significant Uptake 4Q24/1H25; Supply Chain Preparing

<ul><li>Synaptics Inc.'s second quarter fiscal year 2025 performance provides a multifaceted picture of the company's current standing and future opportunities.</li><li>In this period, Synaptics reported revenue of $267 million, a 4% sequential increase and a 13% year-over-year rise, indicating modest growth driven primarily by gains in its Core IoT and Enterprise & Automotive sectors.</li><li>A significant topic of discussion was the company's acquisition agreement with Broadcom, a $198 million all-cash transaction intended to enhance Synaptics' presence in the wireless connectivity space.</li></ul>

Synaptics Inc.'s second quarter fiscal year 2025 performance provides a multifaceted picture of the company's current standing and future opportunities.In this period, Synaptics reported revenue of $267 million, a 4% sequential increase and a 13% year-over-year rise, indicating modest growth driven primarily by gains in its Core IoT and Enterprise & Automotive sectors.A significant topic of discussion was the company's acquisition agreement with Broadcom, a $198 million all-cash transaction intended to enhance Synaptics' presence in the wireless connectivity space.

Synaptics Unleashes WiFi 8 & UWB Tech—Could This Be the Next Big Leap In IoT?

<ul><li>Synaptics Incorporated's recent earnings call provided a detailed overview of their first-quarter fiscal year 2025 performance, highlighting both positive and challenging aspects of their operations.</li><li>A positive takeaway from the call is the company's solid financial performance in the quarter.</li><li>Revenue increased by 8% year-over-year to $257.7 million, surpassing the midpoint of guidance.</li></ul>

Synaptics Incorporated's recent earnings call provided a detailed overview of their first-quarter fiscal year 2025 performance, highlighting both positive and challenging aspects of their operations.A positive takeaway from the call is the company's solid financial performance in the quarter.Revenue increased by 8% year-over-year to $257.7 million, surpassing the midpoint of guidance.

Synaptics Incorporated: Can Its Core IoT Growth & Pipeline Expansion Give Them A Competitive Edge? - Major Drivers

<ul><li>Synaptics, Inc. recently revealed its financial results for the fourth quarter of fiscal year 2024, outlining its performance with a mix of achievements and challenges amid an evolving market condition.</li><li>As regular updates were provided regarding both GAAP and non-GAAP financial results, the company underscored key aspects that shaped its operational and financial landscape over the period.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Synaptics, Inc. recently revealed its financial results for the fourth quarter of fiscal year 2024, outlining its performance with a mix of achievements and challenges amid an evolving market condition.As regular updates were provided regarding both GAAP and non-GAAP financial results, the company underscored key aspects that shaped its operational and financial landscape over the period.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Synaptics Incorporated: Will Its Expansion into IoT & Automotive Sectors Pay Off? - Major Drivers

United States

Synaptics Incorporated develops custom-designed user interface solutions.  The Company's solutions enable people to interact with a variety of mobile computing and communications devices.  Synaptics offers a touch-sensitive pad that senses the position of a person's finger on its surface to provide screen navigation, cursor movement, and a platform of interactive input.

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

Synaptics Inc (SYNA US)

Synaptics Inc.: Strength in Enterprise & Automotive Segments Could Lay A Steady Foundation For Future Growth!

Synaptics, Inc. reported positive financial results for its third quarter of fiscal year 2025, delivering strong performance across its business...

Baptista Research

TechChain Insights: Call with Elan Micro; AI PC Significant Uptake 4Q24/1H25; Supply Chain Preparing

Elan Microelectronics is poised for growth in the AI PC upgrade cycle, with a strong position in the market and potential impact expected in late...

Vincent Fernando, CFA

Synaptics Unleashes WiFi 8 & UWB Tech—Could This Be the Next Big Leap In IoT?

Synaptics Inc.'s second quarter fiscal year 2025 performance provides a multifaceted picture of the company's current standing and future...

Baptista Research

Synaptics Incorporated: Can Its Core IoT Growth & Pipeline Expansion Give Them A Competitive Edge? - Major Drivers

Synaptics Incorporated's recent earnings call provided a detailed overview of their first-quarter fiscal year 2025 performance, highlighting both...

Baptista Research

Synaptics Incorporated: Will Its Expansion into IoT & Automotive Sectors Pay Off? - Major Drivers

Synaptics, Inc. recently revealed its financial results for the fourth quarter of fiscal year 2024, outlining its performance with a mix of...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Synaptics Inc.: Strength in Enterprise & Automotive Segments Could Lay A Steady Foundation For Future Growth!

Synaptics, Inc. reported positive financial results for its third quarter of fiscal year 2025, delivering strong performance across its business...

Baptista Research

TechChain Insights: Call with Elan Micro; AI PC Significant Uptake 4Q24/1H25; Supply Chain Preparing

​Elan Microelectronics is poised for growth in the AI PC upgrade cycle, with a strong position in the market and potential impact expected in late...

Vincent Fernando, CFA

Synaptics Unleashes WiFi 8 & UWB Tech—Could This Be the Next Big Leap In IoT?

Synaptics Inc.'s second quarter fiscal year 2025 performance provides a multifaceted picture of the company's current standing and future...

Baptista Research

Synaptics Incorporated: Can Its Core IoT Growth & Pipeline Expansion Give Them A Competitive Edge? - Major Drivers

Synaptics Incorporated's recent earnings call provided a detailed overview of their first-quarter fiscal year 2025 performance, highlighting both...

Baptista Research

Synaptics Incorporated: Will Its Expansion into IoT & Automotive Sectors Pay Off? - Major Drivers

Synaptics, Inc. recently revealed its financial results for the fourth quarter of fiscal year 2024, outlining its performance with a mix of...

Baptista Research

Elan Microelectronics is poised for growth in the AI PC upgrade cycle, with a strong position in the market and potential impact expected in late...