<?php

$string = "★ This is some text ★";
$first = preg_replace_callback('/[\x{80}-\x{10FFFF}]/u', function ($m) {
    $char = current($m);
    $utf = iconv('UTF-8', 'UCS-4', $char);
    return sprintf("&#x%s;", ltrim(strtoupper(bin2hex($utf)), "0"));
}, $string);

echo $first;