Texas Instruments posted higher-than-expected results Monday, but the firm gave a tepid outlook for the current quarter.
Shares slipped after news the stock had already risen almost 26 percent since August.
The chipmaker reported fiscal third-quarter earnings of 71 cents a share. TI earned 42 cents a share during the same period a year earlier.
Sales for the most recent quarter rose to $3.74 billion, up from $2.88 billion last year.