Report
Brian Colello
EUR 100.00 For Business Accounts Only

Texas Instruments' transformation to a highly profitable analog and embedded chipmaker is under way.

We will maintain our $97 fair value estimate for wide-moat Texas Instruments as the firm announced the resignation of CEO Brian Crutcher, who obtained the role only a month-and-a-half ago, citing violations of the company's code of conduct. Former CEO and current Chairman Rich Templeton will return to the president and CEO roles on an ongoing, indefinite basis, and TI noted that Templeton's appointment is not temporary and that the board is not seeking an immediate replacement. We will maintain ...
Underlying
Texas Instruments Incorporated

Texas Instruments designs and makes semiconductors that it sells to electronics designers and manufacturers. The company has two reportable segments: Analog and Embedded Processing. The company's analog semiconductors change signals, such as sound, temperature, pressure or images to a stream of digital data. The company's analog segment primary product lines includes: power, signal chain, and high volume. The company's embedded processors are designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. The company's embedded processing segment primary product lines includes: connected microcontrollers and processors.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Colello

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