Despite the aura of positivity surrounding the narrow-moat firm, we think recent growth will be challenging to replicate, and the shares are materially overvalued.
If the firm can execute rolling out its latest optical fingerprint sensors and OLED display driver chips during 2018, we think Synaptics will resume healthy growth beyond fiscal 2018.
We are modestly increasing our fair value estimate to $36 after better than expected third-quarter results.
Though management expects the positive environment to persist into next year, shares of the memory supplier are overpriced.
While the firm earns a narrow moat, we think alternative solutions tailored to AI will capture share going forward, and view it as materially overvalued.
This firm should be able to take part in more appealing end-markets such as enterprise solid-state drives while enjoying superior cost metrics.
We continue to see an appropriate margin of safety for investors looking for an appealing growth story in the semiconductor space.
This smartphone component provider is at the leading edge.
The wide-moat company provided improved guidance for next quarter, but shares are overpriced.
Current market prices imply overly-optimistic expectations for the overall company.
Intel’s first quarter was solid overall, but it doesn’t mask weak results from the data center group.
We expect the narrow-moat firm to face fines over licensing litigation; however, it has the cash to pay, and a pending acquisition will offer much-needed diversification.
The no-moat company’s third quarter guidance outshines its impressive second-quarter results.
We applaud the strategic rationale of the deal, given Mobileye’s existing portfolio of computer vision products found in vehicles on the road today.
We think the company can withstand the attacks on its business model.
No change to our $31 fair value estimate after fourth-quarter results exceed our expectations.
We think Intel, Qualcomm, and Nvidia are poised to benefit.
We are less concerned about the fine itself; rather, the existing licensing agreements held by Qualcomm are at risk.
The company's earnings beat validates recent pricing recoveries in the dynamic random access memory space.
The no-moat human interface solutions developer announced a new OLED display driver chip and optical-based fingerprint sensor that we expect will be prevalent in future flagship smartphones.
With weaker than expected forward guidance, we recommend prospective investors wait for a wider margin of safety.
The wide-moat chipmaker raised its third-quarter outlook based on improving PC market.
The licensing agreement doesn’t change our fair value estimate for the chip giant, however.
Although we're raising our fair value estimate on this wide-moat firm to account for stronger expectations, we recommend investors stay on the sidelines for now.
Ongoing cost reduction efforts should offset tepid top-line growth this year, but shares of this wide-moat chip leader remain overvalued.
Near-term headwinds persist, but our wide moat rating is unchanged.
The firm's on track with new technology transitions, and its shares remain undervalued.
Lowered fourth-quarter guidance won't impact our fair value estimate of this wide-moat tech leader, writes Morningstar’s Abhinav Davuluri.
The wide-moat semiconductor maker had a solid quarter, and shared an updated product roadmap that will have implications across its industry.
The firm’s move to lower its capital spending budget is a good sign that management is able to tactically adapt to challenging environments.