Aptiv (APTV)

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…

Yesterday after the close, Aptiv (APTV; $93.87; E/W) announced that Benjamin Lyon has been appointed Senior Vice President and Chief Technology Officer (CTO), succeeding Glen De Vos, who has served as Senior Vice President and…

We reduce our Q4E and 2023E EPS for Aptiv (APTV; $93.46; E/W) to better account for recent vehicle production volatility in China, the “long tail” of semiconductor constraints, plus YoY currency headwinds while further de-risking…