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Texas Instruments (TXN.US) once reached a new high! Activist investor Elliott invests $2.5 billion to improve cash flow
The Zhitong Finance App learned that hedge fund Elliott has reportedly invested 2.5 billion US dollars in Texas Instruments (TXN.US) and urged Texas Instruments to improve free cash flow. It laid the foundation for another move by this influential rights investor. The stock price of Texas Instruments rose to a record high of 206 US dollars yesterday, with a maximum increase of 3.4%. The increase narrowed during midday trading, and the stock price was still hovering below 200 US dollars at the close. Elliott's proposed strategy suggests Texas Instruments will generate free cash flow of $9 or more per share by 2026. The data shows that last year, the company's
Elliott Pushes for Strategic Overhaul at Texas Instruments With $2.5 Billion Stake
Sector Update: Tech Stocks Gain Tuesday Afternoon
Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.8%. The Philadelphia Semiconductor index ro
Sector Update: Tech
Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.8%. The Philadelphia Semiconductor index ro
Texas Instruments Gets an Activist Investor. Free Cash Flow Is the Target. -- Barrons.com
By Angela Palumbo News that the activist investor Elliott Investment Management is pushing for a big boost to free cash flow at Texas Instruments sent the semiconductor stock higher on Tuesday. Elli
Elliott's Call for Texas Instruments to Cut Spending May Be 'Unrealistic,' Wells Fargo
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