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.
The firm’s move to lower its capital spending budget is a good sign that management is able to tactically adapt to challenging environments.
Abhinav Davuluri
More About Abhinav Davuluri
Abhinav Davuluri, CFA, is a strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers microprocessors, wafer manufacturing equipment, and other companies in the semiconductor space.
Before joining Morningstar in 2015, Davuluri spent two years as a process engineer for Intel.
Davuluri holds a bachelor’s degree in chemical engineering from the University of Michigan. He also holds the Chartered Financial Analyst® designation.