Exar Corp. (NYSE:EXAR)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a note issued to investors on Tuesday. They currently have a $11.50 price target on the stock. B. Riley’s price objective points to a potential upside of 13.30% from the stock’s previous close.
Separately, Zacks Investment Research cut Exar Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 4th.
Shares of Exar Corp. (NYSE:EXAR) traded up 0.30% during midday trading on Tuesday, hitting $10.15. 57,197 shares of the company were exchanged. The firm has a market cap of $509.00 million, a P/E ratio of 1127.78 and a beta of 1.45. Exar Corp. has a one year low of $4.82 and a one year high of $10.17. The company’s 50 day moving average price is $9.31 and its 200 day moving average price is $8.52.
In other Exar Corp. news, Director Pierre G. Guilbault sold 6,500 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $9.76, for a total value of $63,440.00. Following the sale, the director now directly owns 42,500 shares in the company, valued at $414,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.53% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in Exar Corp. by 1.0% in the first quarter. BlackRock Fund Advisors now owns 2,900,645 shares of the company’s stock worth $16,679,000 after buying an additional 28,779 shares in the last quarter. BlackRock Group LTD raised its position in Exar Corp. by 12.9% in the first quarter. BlackRock Group LTD now owns 37,919 shares of the company’s stock worth $218,000 after buying an additional 4,329 shares in the last quarter. Prudential Financial Inc. raised its position in Exar Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 113,283 shares of the company’s stock worth $651,000 after buying an additional 3,900 shares in the last quarter. S Squared Technology LLC raised its position in Exar Corp. by 30.3% in the fourth quarter. S Squared Technology LLC now owns 258,077 shares of the company’s stock worth $1,582,000 after buying an additional 60,000 shares in the last quarter. Finally, Piermont Capital Management Inc. acquired a new position in Exar Corp. during the fourth quarter worth approximately $1,420,000. Hedge funds and other institutional investors own 78.00% of the company’s stock.
About Exar Corp.