market folly

Soros Fund Management's Quantum Partners has acquired more shares of Exar Corp (EXAR). In a Form 4 filed with the SEC, Soros has disclosed purchases on November 26th and November 30th of 21,044 EXAR shares at prices ranging from $6.64 to $6.6498 (weighted average). Soros has previously purchased EXAR shares in October and September.

While Soros Fund Management was the firm disclosing the transaction, the footnotes reveal that these securities are held for Quantum Partners (of which Soros is the principal investment manager). After the recent transactions, Soros owns 6,387,710 shares of EXAR. Just yesterday we saw that Soros updated its stake in Verigy (VRGY) as well.

From Google Finance, Exar Corp is "a fabless semiconductor company that designs, sub-contracts manufacturing and sells differentiated silicon, software and subsystem solutions for industrial, telecom, networking and storage applications. The Company’s product portfolio includes power management and interface components, datacom products, storage optimization solutions, network security and applied service processors."