Texas Instruments (TXN) closed at $196.08 in the latest trading session, marking a +1.44% move from the prior day.
Recently, Zacks.com users have been paying close attention to Texas Instruments (TXN). This makes it worthwhile to examine what the stock has in store.
The activist investor has taken a $2.5 billion position in the semiconductor manufacturer.
Texas Instruments CEO Haviv Ilan said the company was open to a "constructive dialogue" with activist investor Elliott, and signalled that the company would weigh realigning capex and free cash flow per-share, something the activist had asked for earlier this week. TI remains a juggernaut in the analog semiconductor business but has seen its FCF per share, a key metric, suffer as it grows out its fab capacity in recent years.
Activist investor Elliott Management has taken a $2.5 billion stake in Dallas-based semiconductor giant Texas Instruments, blaming the company for lagging stock market returns and overspending.
Texas Instruments (TXN) shares edged higher Tuesday after activist investor Elliott Investment Management announced it had a $2.5 billion stake in the chipmaker and called on management to improve free cash flow.
Texas Instruments (NASDAQ: TXN ) stock is in the news Tuesday after Paul Singer's Elliott Management made a massive investment in the semiconductor and electronics company. Elliott Management has notified Texas Instruments of its $2.5 billion stake in the company.
Texas Instruments Inc (NASDAQ: TXN) opened in the green this morning after Elliott Investment Management announced to have taken a sizable stake in the semiconductor behemoth. Elliott is pushing for a lift to free cash flow The activist hedge fund has secured a $2.
Elliott, the $65 billion hedge fund best known for its shareholder activism, has made a $2.5 billion investment in Texas Instruments. The activist is urging Texas Instruments to improve its free cash flow by adapting a less rigid plan for capital expenditures.
Texas Instruments (TXN) reported earnings 30 days ago. What's next for the stock?