5 Best Semiconductor Stocks to Invest In According to Noam Gottesman’s GLG Partners

3. Texas Instruments Incorporated (NASDAQ:TXN)

GLG’s Stake Value: $280 million

Percentage of  GLG’s 13F Portfolio: 0.9%

Number of Hedge Fund Holders: 57

Texas Instruments Incorporated (NASDAQ:TXN) is a semiconductor designer and manufacturer that deals with other companies. Its products are used in gadgets and devices to manage power consumption, regulate and monitor voltage, and measure and convert signals.

Texas Instruments Incorporated (NASDAQ:TXN) reported $4.8 billion revenue and $2.27 GAAP EPS for its fiscal Q4, pleasing Wall Street by exceeding estimates for both. In January 2022, the company announced a new amplifier that is capable of operating at high frequencies to support a large variety of gadgets.

Man GLG’s stake in the company by the end of Q4 2021 equaled $280 million, through owning 1.4 million shares. Insider Monkey’s survey of 924 hedge funds during the same time revealed that 57 had owned a stake in the company.

Texas Instruments Incorporated (NASDAQ:TXN)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management which owns 3.3 million shares worth $625 million.

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.”