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.

Equity Bottom-Up

<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

Taiwan Tech Focused Senior Analyst

Patrick Liao

<ul>
<li>A recent news report speculates that Analog Devices (ADI US)  is planning to raise prices by ~20%.</li>
<li>Silergy Corp (6415 TT) is reportedly considering a price increase of over 15% in the Chinese market.</li>
<li>We believe that now is a good time to invest in Silergy.</li>
</ul>


A recent news report speculates that Analog Devices (ADI US)  is planning to raise prices by ~20%.
Silergy Corp (6415 TT) is reportedly considering a price increase of over 15% in the Chinese market.
We believe that now is a good time to invest in Silergy.


Silergy (6415.TT): Chinese Analog IC Could Raise up Prices by About 15%.

<ul>
<li>Revenue was up 14.5% QoQ and down 31% YoY in 3Q23, but it could see an increase of about 17% QoQ and 3% YoY in 4Q23F. </li>
<li>
<a href="https://www.smartkarma.com/entities/silergy-corp" target="_blank" data-smartkarma-citation="entities:13998:1" rel="noopener">Silergy Corp (6415 TT)</a> needs to increase another place to its Foundry source out of China and Taiwan.</li>
<li>The Automotive segment is expected to show significant growth and is likely to reach double digits by the end of 2024F.</li>
</ul>


Revenue was up 14.5% QoQ and down 31% YoY in 3Q23, but it could see an increase of about 17% QoQ and 3% YoY in 4Q23F. 

Silergy Corp (6415 TT) needs to increase another place to its Foundry source out of China and Taiwan.
The Automotive segment is expected to show significant growth and is likely to reach double digits by the end of 2024F.


Silergy (6415.TT): The Revenue Could Be Upside Around 17% in 4Q23F.

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.

<ul><li>Texas Instruments Incorporated delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.</li><li>Despite these challenges, Texas Instruments maintained its effective capital management, with substantial cash reserves and a resilient balance sheet.</li><li>While the company faced headwinds in revenue and profitability during the quarter, Texas Instruments' strategic focus on economic resilience and efficient capital management remains evident.</li></ul>

Texas Instruments Incorporated delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.Despite these challenges, Texas Instruments maintained its effective capital management, with substantial cash reserves and a resilient balance sheet.While the company faced headwinds in revenue and profitability during the quarter, Texas Instruments' strategic focus on economic resilience and efficient capital management remains evident.

Texas Instruments: Navigating Through Storms – Their Strategy Revealed! - Major Drivers

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,390/1,380 points and the resistance at 1,410/1,415 points.</li><li>Downward movement is expected (a sharp fall and then a rebound) due to the influence of the big rounding top trend in the range of 1,187-1,716 points, which has been seen since February 2020, with the minor supports at 1,380/1,360/1,340 points, respectively.</li><li>Key issues pressuring the SET include the following: i) worries over a possible prolonged war in Israel, which has triggered the risk-off mode; ii) the continued increase in the US 10Y bond yield to a 16-year high above 5% (on October 19) due to concerns over higher-for-longer interest rates, making the valuations of equities less attractive, especially stocks in the technology sector and the sectors where investment is high, such as in large industries, e.g., the power sector.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,390/1,380 points and the resistance at 1,410/1,415 points.Downward movement is expected (a sharp fall and then a rebound) due to the influence of the big rounding top trend in the range of 1,187-1,716 points, which has been seen since February 2020, with the minor supports at 1,380/1,360/1,340 points, respectively.Key issues pressuring the SET include the following: i) worries over a possible prolonged war in Israel, which has triggered the risk-off mode; ii) the continued increase in the US 10Y bond yield to a 16-year high above 5% (on October 19) due to concerns over higher-for-longer interest rates, making the valuations of equities less attractive, especially stocks in the technology sector and the sectors where investment is high, such as in large industries, e.g., the power sector.

United States

Texas Instruments Incorporated operates as a semiconductor design and manufacturing company. The Company develops analog ICs and embedded processors. Texas Instruments has manufacturing or sales operations worldwide.

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

Texas Instruments (TXN US)

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

Silergy (6415.TT): Chinese Analog IC Could Raise up Prices by About 15%.

Analog Devices may raise prices by 20% while Silergy Corp considers a 15% increase in China. Investing in Silergy seems favorable.

Patrick Liao

Silergy (6415.TT): The Revenue Could Be Upside Around 17% in 4Q23F.

Silergy could see an increase of about 17% QoQ and 3% YoY in 4Q23F. It needs to transfer its Foundry base from China to Taiwan and Singapore. The...

Patrick Liao

Texas Instruments: Navigating Through Storms – Their Strategy Revealed! - Major Drivers

Texas Instruments Incorporated delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of...

Baptista Research

Today's Dominant Ideas

Technically, the SET Index is expected to weaken, with the support at 1,390/1,380 points and the resistance at 1,410/1,415 points. Downward...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

Silergy (6415.TT): Chinese Analog IC Could Raise up Prices by About 15%.

​Analog Devices may raise prices by 20% while Silergy Corp considers a 15% increase in China. Investing in Silergy seems favorable.

Patrick Liao

Silergy (6415.TT): The Revenue Could Be Upside Around 17% in 4Q23F.

Silergy could see an increase of about 17% QoQ and 3% YoY in 4Q23F. It needs to transfer its Foundry base from China to Taiwan and Singapore. The...

Patrick Liao

Texas Instruments: Navigating Through Storms – Their Strategy Revealed! - Major Drivers

Texas Instruments Incorporated delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of...

Baptista Research

Today's Dominant Ideas

Technically, the SET Index is expected to weaken, with the support at 1,390/1,380 points and the resistance at 1,410/1,415 points. Downward...

Krungthai XSpring

Analog Devices may raise prices by 20% while Silergy Corp considers a 15% increase in China. Investing in Silergy seems favorable.