Morningstar

Morningstar, Inc.

Equity Bottom-Up

Texas Instruments reported solid first-quarter results in light of soft broad-based demand for semiconductors, and although the company's second-quarter forecast was slightly below our prior expectations, we still believe TI is a best-in-breed analog chip leader that should have no problem weathering the latest chip industry downturn. We will maintain our $106 fair value estimate for wide-moat TI. With TI's shares up significantly year-to-date, we now view shares as modestly overvalued
TI's…

United States

Texas Instruments Incorporated operates as a semiconductor design and manufacturing company. The Company develops analog ICs and embedded processors. Texas Instruments has manufacturing or sales operations worldwide.