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In light of Texas Instruments' (TXN) - Get Texas Instruments Incorporated Report  profit warning on Tuesday, investors chipped away at the stock prices of the company's rival semiconductor producers.

The benchmark for the group, the iShares PHLX Semiconductor ETF (SOXX) - Get iShares PHLX Semiconductor ETF Report , fell 1.3%.

TI declined 6.2% to $120.55 at last check in Wednesday trading. Along with it:

After the market closed on Tuesday, Dallas-based Texas Instruments reported third-quarter earnings per share fell 5.7% to $1.49 from $1.58. The latest figure included a 9-cent benefit that wasn't in the company's guidance. Analysts surveyed by FactSet were looking for $1.42.

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Third-quarter revenue fell 11% to $3.77 billion against the consensus analyst estimate of $3.82 billion.

TI guided for fourth-quarter EPS of 91 cents to $1.09, below the consensus estimate of $1.28. The EPS guidance includes a 9-cent tax benefit.

Fourth-quarter revenue, Texas Instruments said, should come in at $3.07 billion to $3.33 billion, down 22% to 28% and below the FactSet-derived estimate of $3.59 billion.

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