This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

George Soros Buys Another 100,000 Exar Shares

NEW YORK ( TheStreet) -- Billionaire hedge fund manager George Soros bought another 100,000 shares in fabless semiconductor company Exar (EXAR - Get Report), according to the latest filing with the Securities and Exchange Commission.

Soros has been accumulating shares in the company. Between Sept. 21 and Sept. 23, he bought 1.85 million shares in the company. In total, Soros now owns 6.36 million shares in the company, up from 3.86 million shares as of June 30, bring his total stake in the company to about 14%.

About Exar

Company Profile

Exar Corporation is a fabless semiconductor company, which is engaged in the design, contract manufacture and sale of silicon, software and subsystem solutions for industrial, datacom and storage applications.

Income Statement

Exar lowered its revenue outlook for the second quarter citing reduced demand. Its lower guidance was not unexpected, as leading chipmakers such as Intel (INTC) and Texas Instruments (TXN) had also cited similar concerns. The company now expects second-quarter revenue of $36-$36.5 million compared with its previous projection of $40-$42 million.

Balance Sheet

Exar has no long term debt and cash of about $25 million.

Analyst Ratings

There is only one strong buy rating on the stock, while two analysts rate it a hold.

--Written by Shanthi Venkataraman in New York



>To contact the writer of this article, click here: Shanthi Venkataraman.

>To follow the writer on Twitter, go to http://twitter.com/shavenk.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
EXAR $9.84 0.00%
AAPL $125.01 0.00%
FB $78.10 0.00%
GOOG $524.22 0.00%
TSLA $230.43 0.00%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs