On July 10, 2025, NorthCrest Asset Management, LLC disclosed the sale of Broadcom(AVGO 0.55%) shares worth approximately $6.50 million, according to its latest SEC filing.What happenedNorthCrest Asset Management, LLC filed its quarterly Form 13-F with the U.S. Securities and Exchange Commission on July 10, 2025, reporting the sale of 30,024 Broadcom shares during Q2 2025. The transaction had a reported value of $6.50 million for the period ended June 30, 2025. As of June 30, 2025, NorthCrest’s total positio ...

Core Viewpoint - Ideal Power Inc is gaining traction in the electric vehicle sector with a new order from a global Tier 1 automotive supplier for its B-TRAN semiconductor devices and SymCool power modules, which are essential for next-generation solid-state EV contactor designs [1] Group 1: Customer Engagement and Market Positioning - The CEO highlights the increasing traction of B-TRAN in both automotive and industrial markets, emphasizing the importance of recent customer engagements and the company's scaling efforts to meet anticipated demand [2] - Ideal Power is actively working with Stellantis and multiple Tier 1 suppliers, positioning itself for broader adoption of its high-efficiency power semiconductor solutions [2][5] - The education process for Tier 1 suppliers is becoming more efficient, allowing for quicker adoption of Ideal Power's technology [4][6] Group 2: Production and Development Capabilities - The company has established multiple wafer fabrication partners to meet production needs for the next few years, ensuring readiness for increased demand [12] - Ideal Power is prepared to license its technology to additional providers if necessary, allowing the company to focus on technology development while meeting automaker demands [13] - The company is not constrained by its relationships with automakers, leveraging insights gained from various engagements to enhance its offerings [14] Group 3: Future Developments - Upcoming updates are expected regarding the collaboration with Stellantis, design wins in industrial applications, and progress in the automotive qualification process [15] - The company aims to enhance the power rating of its products to improve performance, indicating a strong pipeline of developments [15]

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Core Insights - Zacks Premium offers various tools to help investors make informed decisions and invest confidently in the stock market [1][2] Zacks Style Scores - The Zacks Style Scores are indicators designed to assist investors in selecting stocks with the highest potential to outperform the market within 30 days, rated from A to F based on value, growth, and momentum [3][4][5][6][7] Value Score - The Value Style Score focuses on identifying undervalued stocks by analyzing financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [4] Growth Score - The Growth Style Score evaluates a company's future prospects by examining projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth [5] Momentum Score - The Momentum Style Score helps investors capitalize on price trends by assessing factors like one-week price changes and monthly earnings estimate changes [6] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive indicator for investors seeking stocks with attractive value, strong growth forecasts, and promising momentum [7] Zacks Rank - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8][9] Stock Selection Strategy - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential upside, while those with lower ranks should also have strong Style Scores to mitigate risks [10][11] Company Spotlight: M/A-Com Technology Solutions Holdings, Inc. (MTSI) - MTSI is a provider of power analog semiconductor solutions, focusing on RF, microwave, and millimeter wave devices for various applications [12] - MTSI holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Growth Style Score of B, indicating a forecasted year-over-year earnings growth of 35.2% for the current fiscal year [12][13] - Recent upward revisions in earnings estimates by six analysts and an increase in the Zacks Consensus Estimate to $3.46 per share further enhance MTSI's attractiveness to growth investors [13]

Financial Data and Key Metrics Changes - Revenue for the first quarter was $554 million, up 4% year-over-year and up 3% organically, exceeding guidance [18] - GAAP operating margins were 12.7%, while adjusted operating margins were 14.2%, reflecting a 320 basis point increase from the prior year [19] - GAAP diluted earnings were $1.75, and adjusted diluted earnings were $2.19, up 24% year-over-year [19] - Operating cash flow was $66 million, with free cash flow of $43 million, resulting in a free cash conversion of 98% [20] Business Line Data and Key Metrics Changes - **Electronics Products Segment**: Sales increased by 6% year-over-year and 3% organically, with passive products up 13% organically, while semiconductor products declined by 5% [21][22] - **Transportation Products Segment**: Organic sales declined by 4%, with passenger car sales down 6% due to global cargo declines, but growth was noted in China [23][24] - **Industrial Products Segment**: Sales grew by 16% organically, driven by strong growth in Renewables, Data Center, and HVAC [25] Market Data and Key Metrics Changes - Book-to-bill ratio improved across all businesses, tracking above one, indicating strong demand and customer position [14] - The company entered the second quarter with a strong backlog, reflecting positive market conditions despite uncertainties [14][26] Company Strategy and Development Direction - The company aims to enhance focus on future growth opportunities and develop a structured approach to evaluate secular opportunities across evolving end markets [32][33] - Strategic acquisitions will remain a key pillar of growth strategy, aligning growth goals with long-term technology positioning [33] - The company is committed to providing complete solutions for a broader set of customers, leveraging diverse capabilities [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating through current economic uncertainties, emphasizing a flexible operating model and strong customer relationships [14][15] - There is a focus on monitoring potential demand risks in the second half of the year, particularly in the automotive and personal electronics sectors [74] - Management remains optimistic about long-term growth drivers, particularly in electrification and higher voltage applications [88] Other Important Information - The company returned $45 million to shareholders in the first quarter, with $17 million via dividends and $27 million through share repurchases [21] - A recent CFO transition was announced, with the outgoing CFO recognized for significant contributions to the company's growth [15][30] Q&A Session Summary Question: Can you elaborate on the tariff impacts and guidance assumptions? - Management highlighted a flexible operating model and local manufacturing strategies to mitigate tariff impacts, expecting minimal effect on earnings in the second quarter [39][41] Question: What are the expectations for the power semiconductor business? - Management noted that while there are pockets of strength, the overall market remains static, with opportunities for growth in high energy transfer applications [57][61] Question: How is the acquisition pipeline looking? - The company maintains a strong balance sheet and continues to evaluate acquisition opportunities as part of its growth strategy [63] Question: What is the outlook for transportation margins? - Management expressed confidence in continued margin expansion through operational excellence and leveraging best practices across the company [67] Question: How are customers responding to the current environment? - Customers are focused on short-term management of tariffs, but long-term strategic investments remain unchanged, with ongoing collaboration on R&D priorities [88]