We reiterate our Outperform on the shares of TE Connectivity (TEL; $151.79) after FQ4 (Sept) results and guidance highlighted a still robust growth vector for the company’s sales into cloud data center markets (~5% of…
Nextracker (NXT; $31.97; O/P) reported FQ2 (Sep) adjusted EPS of $0.97, which was far and away ahead of our $0.55 and the Street’s $0.61 on sales of $636mm (+11% YoY) that were higher than our…
Benchmark Electronics (BHE; $45.40; E/W) reported Q3 non-GAAP EPS of $0.57, which was ahead of our $0.55 and the Street’s $0.54 on sales of $658mm (vs. our consensus matching $650mm). Recall, BHE’s Q3 guidance called…
We adjust F2025/F2026E (Mar) EPS for Flex (FLEX; $36.05; O/P) from $2.45/$2.85 to $2.45/$2.75 after FQ2 (Sept) results and guidance further demonstrated the operating margin expansion potential still available to the company, even with ongoing…
TE Connectivity (TEL; $152.64; O/P) reported FQ4 (Sep) non-GAAP EPS of $1.95, a penny ahead of our consensus matching $1.94 on some healthy sales upside ($4,068mm vs. our $3,998mm and consensus of $4,004mm). By comparison,…
We reiterate our Outperform and raise our target from $53 to $60 on the shares of Corning (GLW; $49.03) after the company produced healthy “core” Q3 EPS leverage it sees continuing into Q4E, led by…
Corning (GLW; $46.84; O/P) reported Q3 “core” EPS of $0.54, which was in line with our $0.54 and a penny ahead of the Street’s $0.53 on somewhat better than expected core sales ($3,733mm vs. our…
We are reducing our 2024/2025E EPS for Amkor Technology (AMKR; $29.53; EW) from $1.55/$2.25 to $1.40/$1.85 after Q4 guidance disappointed the Street due predominantly to lower than seasonal sales to communications markets (50% of total),…
We think valuations offer a favorable risk/reward into FQ4 (Sept) results for Sanmina (SANM; $68.51; O/P), scheduled for next Monday (11/4 after market). We expect solid support for our F2025E (Sept) EPS of $6.05 and…
Amkor Technology (AMKR; $29.53; E/W) reported Q3 EPS of $0.49, which compared to our $0.49 and the Street’s $0.50 on sales of $1,862mm (vs. our $1,838mm and the Street’s $1,840mm). Recall, AMKR’s Q3 guidance called…
We assume Sensata’s (ST; $35.83; E/W) Q3 results and guidance are not too far off our forecasts when it reports next Monday (11/4 after market). Although after five consecutive quarters of cuts to our 2024E…
We think the muted reaction in the shares of Uber Technologies (UBER; $77.79; O/P) and Lyft (LYFT; $13.81; O/P) over the past 36 hours to some important news on the “autonomous front” from Tesla (TSLA;…
We expect Amkor Technology (AMKR; $30.00; E/W) to produce Q3 results and an outlook that basically line up with Street expectations when it reports on Monday (10/28 after market) since our checks suggest signs of…
We reiterate our Outperform and $90 target on the shares of Western Digital (WDC; $66.32) after FQ1 (Sept) results and guidance more than supported further success on a what we think can be a powerful…
Western Digital (WDC; $66.32; O/P) reported FQ1 (Sep) non-GAAP EPS of $1.78, which was ahead of our $1.72 and the Street’s $1.71. Recall, WDC’s FQ1 guidance called for sales and EPS of $4.0-4.2B and $1.55-1.85,…