GigPeak Inc (GIG) Stake Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its stake in GigPeak Inc (AMEX:GIG) by 28.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,308,590 shares of the technology company’s stock after buying an additional 289,964 shares during the period. Dimensional Fund Advisors LP’s holdings in GigPeak were worth $4,030,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in GigPeak by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,553,106 shares of the technology company’s stock valued at $7,864,000 after buying an additional 44,312 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in GigPeak by 17.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,746,602 shares of the technology company’s stock valued at $5,380,000 after buying an additional 265,427 shares during the last quarter. Signia Capital Management LLC boosted its position in GigPeak by 57.3% in the first quarter. Signia Capital Management LLC now owns 1,234,616 shares of the technology company’s stock valued at $3,802,000 after buying an additional 449,855 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in GigPeak during the first quarter valued at about $3,035,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in GigPeak during the first quarter valued at about $2,514,000.
GigPeak Inc (GIG) remained flat at $3.07 on Tuesday. The company’s stock had a trading volume of 191,536 shares. The stock has a 50-day moving average of $3.07 and a 200-day moving average of $2.92. GigPeak Inc has a 12-month low of $1.80 and a 12-month high of $3.11.
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GigPeak Company Profile
GigPeak, Inc, formerly GigOptix, Inc is a semiconductor designer, developer and supplier of a range of analog, digital and mixed signal components to enable information streaming over the telecom networks, datacom infrastructure and consumer electronics links. The Company’s business is made up of two product lines: High-Speed Communications (HSC) product line and Industrial product line.
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