Morgan Stanley analyst Joseph Moore lowered his price target on Texas Instruments to $197 from $205 and affirmed an underweight rating on the shares, according to The Fly. The June quarter was stronger than expected on strength in industrial, personal electronics, and communication infrastructure.

Texas Instruments' quarterly profit forecast failed to impress investors as it pointed to weaker-than-expected demand for its analog chips from some customers and underscored tariff-related uncertainty.

Dallas-based Texas Instruments, a key chipmaker for producers of cars and factory equipment, tumbled in early trading Wednesday after stoking fears that