George Soros' hedge fund firm Soros Fund Management just filed a Form 4 with the SEC regarding shares of Exar Corp (NASDAQ:EXAR). Per the filing, Soros purchased 794,164 shares of EXAR on September 21st at a weighted average price of $5.71. The following day, Soros purchased an additional 997,333 shares at a weighted price of $5.66. On the 23rd of September, the hedge fund also bought 64,575 shares at a weighted average of $5.587.
In total, Soros Fund Management acquired 1,856,072 shares of EXAR and after these transactions now own 6,266,666 cumulative shares. Back on June 30th, Soros owned only 3,866,666 shares so their position size has risen 62% since then. For an in-depth look at the rest of Soros' portfolio, head to our brand new newsletter: hedge fund wisdom.
Taken from Google Finance:
Exar is a fabless semiconductor company that designs, sub-contracts manufacturing and sells differentiated silicon, software and subsystem solutions for industrial, telecom, networking and storage applications. The Company’s product portfolio includes power management and interface components, datacom products, storage optimization solutions, network security and applied service processors.
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Disclosure: No positions