Shares of Texas Instruments Inc., the biggest maker of analogue chips, fell the most in three months after the company gave a lacklustre forecast for the current period, adding to concerns that a semiconductor industry recovery is sputtering.

Revenue will be $4.22 billion to $4.58 billion in the fourth quarter, the company said in a statement Tuesday. Analysts had estimated $4.5 billion on average. Profit in the period will be roughly $1.26 a share, the company said, versus a projection of $1.39.

The outlook suggests that customers are slowing orders as they navigate mounting trade tensions and a shaky economy. Texas Instruments had been enjoying a rebound in demand following a two-year slump, and now the comeback is looking less certain.

“The overall semiconductor market recovery is co

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