TI Still Foresees Few Signs of a Chip Industry Slowdown; Maintain $97 FVE
Texas Instruments reported solid first-quarter results and provided investors with a decent second-quarter forecast that points to predictably decelerating revenue growth, but few signs of a cyclical peak or strained business conditions. Chip demand across the firm’s industrial and automotive segments still looks to be strong, while the company noted few ill effects associated with a slowdown in Apple iPhone demand above and beyond Apple’s normal seasonal headwinds. We will maintain our $97 fair...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.
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.
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