Company Notes

We found more reasons to believe last week, especially after attending OFC in Los Angeles, that the recent 19% decline in the shares of TE Connectivity (TEL; $195.84; O/P), which came in less than a…

Yesterday, Uber Technologies (UBER; $75.34; E/W) announced a partnership with Rivian Automative (RIVN; $16.12; NR) that adds to what has become the company’s very long list of autonomous rideshare partnerships that span the globe. Additions…

We believe the recent 16% decline in the shares of Amphenol (APH; $130.65; O/P), which leaves the stock at the low end of its recent five-month trading range, proves an excellent buying opportunity for investors…

The shares of Micron (MU; $444.27; O/P) inexplicably traded down 4% yesterday after yet another massive “beat and raise”. In fact, the immediate result is the stock de-rated substantially given how we see Street estimates…

Earlier this week, we toured Corning’s (GLW; $131.90; E/W) trade show booth at OFC in Los Angeles where we had the opportunity to meet with a number of managers, led by Michael O’Day, Senior VP…

We reiterate our Outperform and $400 target on the shares of Celestica (CLS; $273.58) after hosting an investor meeting earlier this week at OFC in Los Angeles, where we met with the IR team, including…

We reiterate our Outperform and raise our target from $265 to $320 on the shares of Jabil (JBL; $258.67; O/P) as we increase our F2026/2027E (Aug) EPS from $11.55/$13.00 to $12.30/$14.75 We think all of…

We reiterate our Outperform and $600 target on the shares of Fabrinet (FN; $500.02) after attending its Investor & Analyst Q&A yesterday as part of our visit to OFC in Los Angeles, where we heard…

On Friday (3/13), Uber Technologies (UBER; $73.33; E/W) added yet another piece of news for the week on the autonomy front, which is after already disclosing a strategic agreement with Zoox, a Tokyo specific MOU…

The news around Uber Technologies (UBER; $73.41; O/P) Autonomous Solutions continued to flow with word last night that it signed an MOU with AI software provider Wayve and Nissan to collaborate on developing robotaxis for…

This morning, Corning (GLW; $132.66; E/W) announced a collaboration with US Conec to become a licensee of PRIZM TMT optical ferrule technology, which enables higher fiber counts in tighter spaces inside data centers. Recall, ceramic…

This morning, Uber Technologies (UBER; $74.65; E/W) announced the latest in its comprehensive string of autonomous vehicle (AV) technology partnerships as per a strategic agreement with Zoox, which is wholly owned by Amazon. The two…

We are raising our F2026/2027E (Aug) EPS on Micron (MU; $403.11; O/P), which have generally been above consensus in recent months, from $34.00/$50.00 to $35.20/52.75, ahead of its FQ2 (Feb) print scheduled for next Wednesday…

We see the recent 12% pullback in the shares of Jabil (JBL; $247.46; O/P) as a very good buying opportunity into its FQ2 (Feb) results and guidance, scheduled for next Wednesday (3/18 before market). More…

Earlier this week, Vertiv (VRT; $243.64; E/W) announced it was collaborating with Generate Capital, a sustainable energy investment platform, to offer “Bring Your Own Power & Cooling” solutions to U.S. data center operators. We think…