Texas Instruments (TXN -2.8%) hits a low on the wake of a FQ1 warning from Microchip (MCHP...

|About: Texas Instruments Inc. (TXN)|By:, SA News Editor

Texas Instruments (TXN -2.8%) hits a low on the wake of a FQ1 warning from Microchip (MCHP -12.5%), and a price target cut on shares from Nomura to $26 from $28. Adding to the misery, Nomura finds more downside risk for the firm relative to large-cap peers.