5 Semiconductor Stocks to Buy Today According to Israel Englander’s Millennium Management

3. Texas Instruments Incorporated (NASDAQ:TXN)

Millennium Management’s Stake Value: $152 million

Percentage of Millennium Management’s 13F Portfolio: 0.07%

Number of Hedge Fund Holders: 57

Texas Instruments Incorporated (NASDAQ:TXN) is an American semiconductor firm that offers several kinds of products. These include power controllers and signals processors, which are used in an assortment of technology gadgets.

Millennium Management owned 810,056 Texas Instruments Incorporated (NASDAQ:TXN) shares by the end of last year’s fourth quarter. These were worth $152 million, and the stake represented 0.07% of the firm’s investment portfolio. Insider Monkey’s research covering 924 hedge funds for the same time period revealed that 57 had also owned the company’s shares.

As its fiscal Q4 came to an end, Texas Instruments Incorporated (NASDAQ:TXN)  brought in $4.8 billion in revenue and $2.27 in GAAP EPS, pleasing Wall Street and beating analyst estimates for both.

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 Texas Instruments Incorporated (NASDAQ:TXN) in its third quarter 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.”