Capstone Asset Management Co. held its stake in shares of Exar Corp. (NYSE:EXAR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,460 shares of the company’s stock at the end of the second quarter. Capstone Asset Management Co.’s holdings in Exar Corp. were worth $100,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Arizona State Retirement System raised its stake in Exar Corp. by 2.9% in the first quarter. Arizona State Retirement System now owns 24,867 shares of the company’s stock worth $143,000 after buying an additional 700 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Exar Corp. by 7.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 31,363 shares of the company’s stock worth $180,000 after buying an additional 2,273 shares during the period. Geode Capital Management LLC raised its stake in Exar Corp. by 1.2% in the first quarter. Geode Capital Management LLC now owns 288,417 shares of the company’s stock worth $1,658,000 after buying an additional 3,468 shares during the period. Prudential Financial Inc. raised its stake 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 during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Exar Corp. by 87.6% in the second quarter. BNP Paribas Arbitrage SA now owns 14,773 shares of the company’s stock worth $119,000 after buying an additional 6,899 shares during the period. Institutional investors and hedge funds own 77.95% of the company’s stock.
Exar Corp. (NYSE:EXAR) traded up 2.87% on Friday, reaching $9.31. The company had a trading volume of 506,729 shares. The firm’s market capitalization is $461.53 million. Exar Corp. has a one year low of $4.82 and a one year high of $9.38. The company’s 50 day moving average is $9.09 and its 200-day moving average is $7.51.
Exar Corp. (NYSE:EXAR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Exar Corp. had a positive return on equity of 5.31% and a negative net margin of 3.36%. The business had revenue of $27.10 million for the quarter, compared to the consensus estimate of $26.60 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Exar Corp. will post $0.34 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. B. Riley reiterated a “buy” rating and issued a $11.50 price target on shares of Exar Corp. in a research report on Thursday, August 4th. Stifel Nicolaus boosted their price objective on Exar Corp. from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 16th. Finally, Zacks Investment Research raised Exar Corp. from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $21.00.
In other news, VP James Lougheed purchased 3,400 shares of the stock in a transaction on Monday, August 8th. The shares were acquired at an average price of $8.81 per share, for a total transaction of $29,954.00. Following the completion of the transaction, the vice president now directly owns 29,471 shares of the company’s stock, valued at approximately $259,639.51. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.53% of the company’s stock.
About Exar Corp.
Exar Corporation (Exar) designs, develops and markets analog mixed-signal integrated circuits (ICs) and sub-system solutions. The Company’s products are deployed in a range of applications, such as industrial, instrumentation and medical equipment, networking and telecommunication systems, servers, enterprise storage systems, flat panel displays, light emitting diode (LED) lighting solutions, set top boxes and digital video recorders.
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