TI(US:TXN) Zhi Tong Cai Jing·2025-10-22 14:55Core Viewpoint - Texas Instruments (TXN.US) shares fell by 6% to $170.08 following a disappointing Q4 earnings outlook, which led to a downgrade in target price by major banks [1][2]. Financial Performance - Texas Instruments expects Q4 revenue to be between $4.22 billion and $4.58 billion, below the analyst consensus of $4.5 billion [2]. - The projected earnings per share (EPS) is estimated to be between $1.13 and $1.39, which also falls short of market expectations [2]. Market Conditions - The company's performance outlook indicates that customers are slowing down orders amid increasing trade tensions and economic instability [2]. Analyst Ratings - Morgan Stanley maintained a "Underweight" rating on Texas Instruments, lowering the target price from $192 to $175 [2]. - Analyst Joseph Moore noted that while Texas Instruments had seen growth in September, the poor revenue guidance was unexpected [2].