Engaged Capital Boosts Exposure To Silicon Image Inc. (SIMG) And Sends Letter To The Company’s Board

In addition to Engaged Capital, which ranks as one of the largest institutional investors in Silicon Image Inc. (NASDAQ: SIMG), a number of major hedge funds are also confident in this stock’s future potential. George Soros’ Soros Fund Management for example, disclosed holdings of more than 1.44 million shares by the end of the third quarter.  Despite reducing its stake in the firm by 3% as of late, Jim Simons’ Renaissance Technologies continues to own more than 1.1 million shares, thus demonstrating it continues to believe the company can grow. Peter Keane’s Keane Capital Management on the other hand, increased its holdings in Silicon Image Inc. (NASDAQ: SIMG) by 15%, boasting half a million shares, which represent 2.43% of its equity portfolio.

In addition to liking Silicon Image, Engaged Capital seems quite fond of Oplink Communications, Inc (NASDAQ:OPLK). The fund recently disclosed an increase in its position, from 863,500 shares to 913,500 shares, representing 5.4% of the company’s common stock. The filing in which it declared this boost was accompanied by a letter for the company’s shareholders. Read all about it here.

Disclosure: Pablo Erbar holds no positions in any stocks or funds mentioned