Elliott Management Is Making a Big Bet on Texas Instruments (TXN) Stock

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. It did so while sending a note to the TXN Board of Directors outlining its hopes for the business.Elliott Management highlighted several issues with Texas Instruments in its note. That includes shareholder returns lagging behind peers. The investor w ...