Morningstar gives A+ credit rating to Texas Instruments, stock …
This chart shows shares of Texas Instruments Inc. from Jan. 1, 2000, through today.
Morningstar investment research firm has given Texas Instruments Inc. an A+ credit rating, indicating that the company is a low default risk.
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Morningstar also gave the Dallas-based semiconductor company’s stock a three-star rating of a possible five stars.
Update at 5:30 p.m.: TI’s stock is continuing the spike it saw last year. Shares today rise 24 cents to close at $58.20 — a level not seen since July 2000 and beating Friday’s new high.
A number of analysts recently raised their price estimates for TI’s stock since the company reported robust 2014 revenue and profit growth on Jan. 26. The chipmaker posted a 30 percent gain in net profit and a 7 percent increase in revenue — its first annual revenue gain in four years.
In addition, TI plans to boost production on larger, 300-millimeter wafers to drive future growth, two executives said two weeks ago at an industry conference. The chipmaker has significantly restructured over the last two years.
Analysts expect big things from the global semiconductor market, including TI, in 2015, though risks, such as global economic growth and the strength of the Euro, exist.
RBC Capital Markets forecasts semiconductor stocks, including TI, will outperform the Standard & Poor’s 500 Index for the third straight year. RBC and other analysts see TI’s future growth coming from growing markets, such as wearable health technology, the Internet of Things, automotive, industrial, LTE (long-term evolution) wireless handsets and data movement to the cloud.
The World Semiconductor Trade Statistics program has forecast industry revenue to grow 3.4 percent to $344.5 billion this year. Other estimates are higher — up to 7.5 percent from data analysis firm IC Insights.
TI ranked as the No. 6 global semiconductor supplier in 2014 based on estimated revenue of $12.2 billion, according to preliminary data from IHS Technology.
IHS Technology’s top 20 global semiconductor suppliers in 2013 and 2014
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Morningstar gives A+ credit rating to Texas Instruments, stock …
