Texas Instruments' (NASDAQ: TXN) stock price slumped 4% during after-hours trading on Oct. 24 in response to the chipmaker's third-quarter report. Its revenue fell 14% year over year to $4.53 billion and missed analysts' expectations by $60 million. Its EPS also dropped 25% year over year to $1.85 but cleared the consensus forecast by three cents.

TI's slowdown wasn't surprising since the broader semiconductor market had been stuck in a cyclical downturn over the past year, but its latest report also didn't provide any clear signs of a near-term turnaround. Over the past 12 months, the Philadelphia Semiconductor Index rallied 42%, but TI's stock slipped 9%. Let's see why TI underperformed many of its peers -- and if its stock will finally head higher in a year.

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Source Fool.com