Exar Corp. (NYSE:EXAR) has earned a consensus rating of “Buy” from the six research firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.83.
Several research firms have recently weighed in on EXAR. Zacks Investment Research upgraded shares of Exar Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. B. Riley reiterated a “buy” rating and issued a $10.50 target price on shares of Exar Corp. in a research note on Tuesday, July 5th. Finally, Stifel Nicolaus lifted their target price on shares of Exar Corp. from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, June 16th.
Shares of Exar Corp. (NYSE:EXAR) traded up 1.36% during trading on Friday, reaching $8.92. 42,349 shares of the company traded hands. Exar Corp. has a 12-month low of $4.82 and a 12-month high of $9.85. The stock’s market capitalization is $442.20 million. The firm’s 50-day moving average is $9.15 and its 200-day moving average is $7.75.
Exar Corp. (NYSE:EXAR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm earned $27.10 million during the quarter, compared to the consensus estimate of $26.60 million. Exar Corp. had a negative net margin of 3.36% and a positive return on equity of 5.31%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities analysts predict that Exar Corp. will post $0.34 earnings per share for the current fiscal year.
In other Exar Corp. news, VP James Lougheed bought 3,400 shares of Exar Corp. stock in a transaction dated Monday, August 8th. The stock was purchased at an average price of $8.81 per share, for a total transaction of $29,954.00. Following the completion of the purchase, the vice president now directly owns 29,471 shares of the company’s stock, valued at $259,639.51. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.53% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of EXAR. A.R.T. Advisors LLC purchased a new position in shares of Exar Corp. during the second quarter valued at approximately $105,000. BNP Paribas Arbitrage SA boosted its position in shares of Exar Corp. by 87.6% in the second quarter. BNP Paribas Arbitrage SA now owns 14,773 shares of the company’s stock valued at $119,000 after buying an additional 6,899 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Exar Corp. by 171.2% in the first quarter. Royal Bank of Canada now owns 22,436 shares of the company’s stock valued at $129,000 after buying an additional 14,164 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Exar Corp. by 3.0% in the second quarter. Thrivent Financial for Lutherans now owns 23,170 shares of the company’s stock valued at $187,000 after buying an additional 670 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Exar Corp. by 1.6% in the second quarter. Arizona State Retirement System now owns 25,267 shares of the company’s stock valued at $203,000 after buying an additional 400 shares in the last quarter. 77.95% of the stock is owned by institutional investors.