Soros Fund Management, managed by George Soros, has disclosed trimming its exposure in Exar Corporation (NYSE:EXAR). According to a new filing with the Securities and Exchange Commission, the fund sold 74,277 common stock shares of the company for around $11.10 per share. Following the disposal of shares, Mr. Soros’ fund owns 4.86 million shares of Exar.

George Soros

Exar Corporation (NYSE:EXAR) is engaged in designing, development and marketing of high performance, analog mixed-signal integrated circuits and advanced sub-system solutions for the networking & storage, industrial & embedded systems, and communications infrastructure markets. The company has a market cap of $499.5 million and trades at P/E ratio of 70.34. The company’s stocks trades at $10.52. Analysts have a consensus average target price of $14.0, with a consensus rating of Buy.

At the end of December 2013, Soros Fund Management reported ownership of 5.95 million shares of Exar Corporation (NYSE:EXAR). The company posted revenue of $28.0 million for the fourth quarter of fiscal year 2014, down from $31.2 million in the same quarter a year ago..

In another filing, Warren Lichtenstein’s Steel Partners has revealed raising its position in API Technologies Corp (NASDAQ:ATNY). A new filing showed that Steel Partners has acquired an aggregate 74,859 common stock shares in three transactions for about $2.4 per share. Currently, the fund owns around 9.70 million shares of API Technologies Corp (NASDAQ:ATNY), up from 1.43 million the fund held at the end of December 2013.

API Technologies Corp (NASDAQ:ATNY) is a small cap designer and manufacturer of systems, radio frequency and secure communications products. The company has a market cap of $146.2 million. For the fiscal first quarter ended February 28, 2014, the company reported a net loss of $2.1 million, compared to a net loss of $14.4 million a year earlier.

The largest shareholders of the company include Doug Silverman and Alexander Klabin’s Senator Investment Group, which held 5.93 million shares, and Nelson Obus’ Wynnefield Capital, which held 2.98 million shares, at the end of 2013.

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