Activist Investor Calls on Texas Instruments To Boost Free Cash Flow

Key TakeawaysActivist investor Elliott Investment Management called on Texas Instruments to take steps to boost its free cash flow.Elliott said it has a $2.5 billion stake in the chipmaker, and wants it to increase free cash flow to at least$9.00 per share in 2026.Elliott argued TI has underperformed because of an increase in capital expenditures announced in 2022. Texas Instruments (TXN) shares edged higher Tuesday after activist investor Elliott Investment Management announced it had a $2.5 billion stake ...