Report
Brian Colello, CPA
EUR 147.86 For Business Accounts Only

TI's transformation into a highly profitable analog and embedded chipmaker is well under way.

Texas Instruments reported stellar third-quarter results that exceeded our prior expectations, along with providing a fourth-quarter forecast that met our expectations. Both sets of figures imply solid, but not exceptional, broad-based chip demand, in our view. Meanwhile, the firm’s long-term gross margin expansion story wages on. We will maintain our wide moat rating and raise our fair value estimate for TI to $62 from $60. Yet with shares trading in the low $70 range, we would prefer to wait f...
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, CPA

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