Renaissance Technologies LLC Has $3.67 Million Stake in GigPeak Inc (GIG)
Renaissance Technologies LLC increased its stake in GigPeak Inc (AMEX:GIG) by 23.3% during the first quarter, Holdings Channel reports. The institutional investor owned 1,192,200 shares of the technology company’s stock after buying an additional 225,400 shares during the period. Renaissance Technologies LLC’s holdings in GigPeak were worth $3,672,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. American International Group Inc. raised its stake in shares of GigPeak by 31.2% in the first quarter. American International Group Inc. now owns 35,047 shares of the technology company’s stock valued at $108,000 after buying an additional 8,342 shares during the period. Oxford Asset Management bought a new stake in shares of GigPeak during the first quarter valued at about $115,000. Virtu Financial LLC bought a new stake in shares of GigPeak during the first quarter valued at about $135,000. Nationwide Fund Advisors raised its stake in shares of GigPeak by 31.4% in the first quarter. Nationwide Fund Advisors now owns 51,771 shares of the technology company’s stock valued at $159,000 after buying an additional 12,378 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in shares of GigPeak during the fourth quarter valued at about $208,000.
Shares of GigPeak Inc (AMEX GIG) remained flat at $3.07 during mid-day trading on Thursday. 191,536 shares of the stock were exchanged. The firm’s 50-day moving average price is $3.07 and its 200 day moving average price is $2.92. GigPeak Inc has a 52 week low of $1.80 and a 52 week 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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