All Reports

The shares of Celestica (CLS; $205.64; O/P) are now down a remarkable 27% since last Tuesday’s detailed Investor Day, and have plunged 46% MoM, despite its excellent Q3 print that accompanied the meeting and the…

We are adjusting our 2026EEPS from $3.75 to $3.78 for Sensata (ST; $38.89; E/W) while maintaining 2027E EPS at $4.10 after last week’s Q3 print, which included some better non-GAAP EPS ($0.97 vs. our $0.95)…

We are raising our rating on the shares of Corning (GLW; $118.79; O/P) from Equal-Weight to Outperform. We believe that the 54% decline in shares, which brings the stock back to levels last seen in…

Last week, Seagate (STX; $602.01; E/W) posted FQ1 (Sept) non-GAAP EPS of $7.68, which was comfortably ahead of our estimate of $7.35 on sales of $4,233mm (+61% YoY) that also beat our $4,125mm and the…

We reiterate our Outperform on the shares of Fabrinet (FN; $314.70; O/P) as we raise our F2027/2028E (Jun) EPS from $18.25/$21.25 to $19.60/$21.30 after its big FQ1 (Sept) “beat and raise” demonstrated more of the…

The line between value stock and value trap seems to be becoming harder to differentiate when it comes to Sandisk (SNDK; $1,113.52; E/W) right now despite the company looking like it is firmly into a…

We raise our 2026/2027E EPS on Vertiv (VRT; $232.50; O/P) from $6.70/$8.90 to $7.15/$9.35 after the company’s robust Q3 beat more than made up for some Q2 manufacturing missteps that have weighed on the stock…

We reiterate our Outperform and $100 target on the shares of Amphenol (APH; $79.30; O/P) as we raise 2026/2027E EPS from $2.67/$3.20 to $2.83/$3.40 (+70% and +20% YoY) for last week’s “beat and raise”. APH’s…

We are reducing our rating from Outperform to Equal-Weight on the shares of TE Connectivity (TEL; $213.03) for our heightened concerns about consumer electronics affordability and how it may become an issue in global vehicle…

We are raising our rating on the shares of Plexus (PLXS; $207.96) from Equal-Weight to Outperform after the stock’s recent 30%+ decline to 19X our C2027E EPS, which we think does not jibe at all…

We bump up our 2026/2027E EPS from $3.00/$3.45 to $3.06/$3.50 on Benchmark Electronics (BHE; $68.37; O/P) after the company produced a solid Q3 EPS beat, albeit with a more conservative stance on guidance than we…

We are bumping up our 2026E EPS from $8.55 to $8.65 while maintaining 2027E at $9.65 and reiterating our $155 target on Belden (BDC; $105.70; O/P) after the company produced a solid “beat and raise”….

We raise our F2027/2028E (Mar) EPS from $4.60/$7.20 to $5.00/$8.00 and stick with our $150 target on the shares of Flex (FLEX; $86.48; O/P) after the company produced another healthy “beat and raise” last week…

We are adjusting 2026/2027E EPS for Amkor Technology (AMKR; $39.50; E/W) from $2.55/$3.00 to $2.50/$2.90 after the company posted Q3 results last week that were somewhat below our and Street thinking on the sales and…

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…