Goldman Sachs Group Inc. Has $1.28 Million Stake in GigPeak Inc (AMEX:GIG)

Goldman Sachs Group Inc. boosted its stake in GigPeak Inc (AMEX:GIG) by 1,867.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 414,067 shares of the technology company’s stock after buying an additional 393,018 shares during the period. Goldman Sachs Group Inc.’s holdings in GigPeak were worth $1,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIG. American International Group Inc. increased its position in 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. Nationwide Fund Advisors increased its position in 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. FNY Partners Fund LP purchased a new position in GigPeak during the first quarter valued at $105,000. Oxford Asset Management purchased a new position in GigPeak during the first quarter valued at $115,000. Finally, Geode Capital Management LLC increased its position in GigPeak by 11.3% in the first quarter. Geode Capital Management LLC now owns 428,292 shares of the technology company’s stock valued at $1,319,000 after buying an additional 43,649 shares during the period.

GigPeak Inc (AMEX:GIG) remained flat at $3.07 on Thursday. The company had a trading volume of 191,536 shares. GigPeak Inc has a 12 month low of $1.80 and a 12 month high of $3.11. The company has a 50-day moving average price of $3.07 and a 200 day moving average price of $2.92.

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About GigPeak

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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Institutional Ownership by Quarter for GigPeak (AMEX:GIG)

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