5 Best Semiconductor Stocks to Invest in According to DE Shaw

In this piece, we will take a look at the five best semiconductor stocks to invest in according to DE Shaw’s DE Shaw. If you want to find out more information about Mr. Shaw, his hedge fund, and the top five stocks in the list, then head on over to 10 Best Semiconductor Stocks to Invest in According to DE Shaw.

5. Texas Instruments Incorporated (NASDAQ:TXN)

D.E. Shaw’s Stake Value: $185 million

Percentage of D.E. Shaw’s 13F Portfolio: 0.15%

Number of Hedge Fund Holders: 57

Texas Instruments Incorporated (NASDAQ:TXN) is a chip company whose products cover several kinds of information technology gadgets. These products are used in devices such as smartphones and notebooks, and they allow signals processing, power consumption management, and processing when required.

For its fiscal fourth quarter, Texas Instruments Incorporated (NASDAQ:TXN) reported $4.8 billion in revenue and $2.27 in GAAP EPS, beating analyst estimates for both. However, despite this, research firm Raymond James cut the company’s share price rating in February 2022 on the belief that its capital spending was coming too late.

Dr. Shaw’s investment firm owned 985,086 Texas Instruments Incorporated (NASDAQ:TXN) shares during the fourth quarter of last year, which were worth $185 million and represented 0.15% of its portfolio. During the same time period, 57 of the 924 hedge funds polled by Insider Monkey also had a stake in the company.

Texas Instruments Incorporated (NASDAQ:TXN)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management. It has a $625 million stake via 3.3 million shares.

Distillate Capital mentioned the company in its Q3 2021 investor letter. Here is what the fund said:

“The largest exited positions were Oracle, which outperformed significantly, and Texas Instruments and Honeywell, which were roughly flat versus the market in the quarter but were edged out for inclusion by other stocks that became even more attractively valued.”