Chip Stock Gaps Lower on Lackluster Forecast

The company is brushing off better-than-expected revenue for the third quarterTexas Instruments Inc (NASDAQ:TXN) stock is 4.7% lower to trade at $172.31 at last glance, brushing off better-than-expected revenue for the third quarter. In addition to a quarterly profit miss, the company also issued a dismal fourth-quarter outlook. At least 11 analysts chimed in with price-target cuts, including Mizuho to $145 from $150. Analysts lean pessimistic on TXN, with 21 of the 35 in coverage sporting a tepid "hold" or ...