Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We 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 more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 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, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Equity Bottom-Up

<ul><li class="p1">Murata is a top supplier of passive components, such as the multilayer ceramic capacitor, or MLCC, (35% global share), and surface accoustic wave, or SAW, filters (45% global share).</li><li class="p1">While we acknowledge shipments of digital devices, such as TVs, PCs, and handsets are slowing down, we believe progress in telecommunications technology will be the driver to increase contents per device.</li></ul><p class="p1"><em>Analyst: Kazunori Ito</em></p>

Murata is a top supplier of passive components, such as the multilayer ceramic capacitor, or MLCC, (35% global share), and surface accoustic wave, or SAW, filters (45% global share).While we acknowledge shipments of digital devices, such as TVs, PCs, and handsets are slowing down, we believe progress in telecommunications technology will be the driver to increase contents per device.Analyst: Kazunori Ito

Initiating Coverage of Murata Manufacturing with Y16,400 FVE and Narrow Moat Rating.