Aptiv (APTV)

Aptiv (APTV; $106.28; O/P) reported adjusted Q2 EPS of $1.25, handily beating our $0.90 and the Street’s $1.01, on sales of $5,200mm, which were ahead of our $4,825mm and the Street’s $4,827mm. As per the…

Aptiv’s (APTV; $109.51; O/P) Wind River business unit, acquired late last year for $3.5B, announced a strategic partnership today that highlights how the two companies plan to work together to gain automotive software print position,…

We expect Aptiv (APTV; $109.24; O/P) to produce a bit of a “beat and raise” with Q2 results and guidance, scheduled for August 3rd. Thus, we raise our target from $110 to $125 that for…

We think last week’s Capital Markets Day from Ford (F; $12.59; NR) and FQ1 (Apr) results from NVIDIA’s (NVDA; $401.11; NR) bode especially well for electrification, active safety (Level 2+ autonomy) and software-defined vehicle stories…

Earlier this week, BlackBerry (BB; $5.36; NR) hosted an Analyst Summit, which we think provided more support for Aptiv’s (APTV; $94.63; O/P) increasing focus on software innovation following its $3.5B acquisition of Wind River (“Wind…

We raise our rating on the shares of Aptiv (APTV; $92.05) from Equal-Weight to Outperform. The stock was -8% yesterday and is 24% lower since mid-February despite a positive Q1 print and reiterated 2023 outlook,…

Aptiv (APTV; $99.84; E/W) reported adjusted Q1 EPS of $0.91, which was ahead of the Street’s $0.89 and our more conservative $0.78 and on sales of $4,818mm (vs. the Street’s $4,569mm and our $4,500mm). As…

We think Aptiv’s (APTV; $102.67; E/W) full year 2023E EPS guidance of $4.00-4.50 is at least reiterated when the company reports Q1 results on Thursday morning (5/4). Our confidence comes from more recent evidence that…

We continue to think it is important to benchmark Aptiv’s (APTV; $104.45; E/W) broader entry into software, per its recent $3.5B acquisition of Wind River, against the well-established real time operating system (RTOS) position of…

Yesterday (2/14), we attended Aptiv’s (APTV; $123.78; E/W) Investor Conference in Boston where management provided a detailed long-term vision for better monetizing its expansive product portfolio. To that end, management spent a great deal of…

We reviewed Aptiv’s (APTV; $117.97; E/W) 10-K, filed yesterday (2/8), which was timely given the company’s upcoming Investor Conference on Tuesday (2/14) in Boston. For example, the 10-K disclosed that just four OEMs drove 60%…

We adjust our 2023E EPS for Aptiv (APTV; $118.68; E/W) from $3.75 to $4.35 following a “mixed bag” of Q4 results and after the company introduced 2023E EPS targets of $4.00-$4.50 (vs. consensus of $4.58). From…

Aptiv (APTV; $114.75; E/W) reported adjusted Q4 EPS of $1.27, which was ahead of our $1.21 and the Street’s $1.20 on sales of $4,640mm (vs. our $4,301mm and the Street’s $4,437mm). However, as per the…

Our trip to the Consumer Electronics Show (CES) raised more questions in our minds about Aptiv’s (APTV; $99.49; E/W) just completed acquisition of Wind River and the company’s need to “own” so many sub-system pieces…

Aptiv (APTV; $91.26; E/W) announced on Friday (12/23), that it completed the acquisition of Wind River under revised terms. Specifically, APTV will now acquire Wind River from TPG Capital for $3.5B in cash or below…