All Reports

We took a first “look through” this morning’s S-1 filing from Anthropic PBC, which formalized the intention of this closely watched AI lab to IPO in coming weeks under the symbol ANT. From our technology…

Last week, the European Automotive Manufacturers Association released car registration data from Europe for the month of September, which highlighted a healthy seasonal post-summer bounce in vehicle demand that continued to be led by battery…

We reiterate our Outperform and $100 target on the shares of Amphenol (APH; $73.97; O/P) ahead of its Q3 print, scheduled for Wednesday (10/28 before market), since we expect a fairly broad “beat and raise”…

We are raising our F2027/2028 (Jun) EPS from $20.00/$30.00 to $24.75/$38.75 for WD Corporation (WDC; $344.36; E/W) after the company produced a healthy “beat and raise”. Specifically, FQ1 (Sept) EPS of $4.64 comfortably exceeded our…

Earlier this week, Micron (MU; $856.49; O/P) hosted a Technology and Products webinar, led by Scott DeBoer, President and CTO, which we think added a cogent support for how the company’s DRAM, high bandwidth memory…

We expect TE Connectivity (TEL; $208.42; O/P) to post a solid “beat” when it reports FQ4 (Sept) results on Wednesday (10/28 before market) especially since the company produced FQ3 orders of $5.69B (+27% YoY) and…

The shares of TTM Technologies (TTMI; $73.89; O/P) plummeted 28% today after the company produced a healthy Q3 non-GAAP EPS beat, inline Q4E EPS guidance, reflecting initial dilution from recent M&A not in our and…

This morning Amkor Technology (AMKR; $43.65; E/W) announced it was making additional investments in the company’s South Korea operations, which are aimed at adding capacity to better meet demand for NVIDIA. Importantly, NVIDIA is adding…

Overnight, we think we saw some of the tangible near-term supply chain evidence that we are hoping to hear from Corning (GLW; $132.26; E/W) about its photonics ambitions when the company reports its Q3 results…

We think the shares of Corning (GLW; $132.26; E/W) are at an interesting crossroads with its Q3 results and guidance, scheduled for next Tuesday (10/27 before market) with the stock down 48% over the past…

We reiterate our Outperform on the shares of Flex (FLEX; $87.82), which continue to have trouble “finding a floor” despite strong support for valuing its soon to be separated Axiom Solutions International business at $37.5B…

The shares of Celestica (CLS; $300.35; O/P) are down 20%+ over the past couple of weeks and down 36% from all-time highs set in early June to only 16X our 2027E EPS that we think…

This morning, TTM Technologies (TTMI; $98.62; O/P) announced its latest in a series of acquisitions that have been aimed at rounding out its technology portfolio for higher margin aerospace & defense markets (A&D; 33% of…

The generally rising cost of capital combined with a heightened inflationary environment, which now seems more likely to add to pressures at both the consumer and corporate levels, has added to what we still believe…

Last Tuesday (10/6), we sat in on a highly informative Analyst & Investor Day from Agility Robotics, which aims to go public during Q4 through a SPAC transaction with Churchill Capital Corp X1 (CCXI; $11.16;…