Exar Corporation (EXAR): Billionaire George Soros Dumps Some Shares

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Billionaire George Soros‘ fund Soros Fund Management has recently reported trimming its large stake in Exar Corporation (NYSE:EXAR). The fund sold around 64,200 shares of the company in three transactions, at an average price of $10.96 a piece. Following the disposal, Mr. Soros’ fund holds over 4.79 million shares of Exar Corporation (NYSE:EXAR).

In fact, it is not the first time, Mr. Soros decides to reduce his exposure to Exar Corporation (NYSE:EXAR). In its latest 13F filing, Soros Fund Management revealed holding some 4.96 million shares of the company as of the end of March, down by 985,700 shares in comparison with the previous quarter. Also, as Insider Monkey reported earlier, the fund sold 26,600 shares of Exar Corporation in April.

Exar Corporation (NYSE:EXAR) is a small cap semiconductor company. Among its shareholders are also Chuck Royce‘s Royce & Associates, owning 2.74 million shares, and Jim Simons‘ Renaissance Technologies with 2.06 million shares held as of the end of March.

 

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