The stock of Exar Corporation (NYSE:EXAR) is a huge mover today! About 245,044 shares traded hands. Exar Corporation (NYSE:EXAR) has risen 74.34% since February 29, 2016 and is uptrending. It has outperformed by 62.13% the S&P500.
The move comes after 5 months positive chart setup for the $497.24 million company. It was reported on Oct, 3 by Barchart.com. We have $13.85 PT which if reached, will make NYSE:EXAR worth $208.84M more.
Analysts await Exar Corporation (NYSE:EXAR) to report earnings on November, 3. They expect $0.05 EPS, up 25.00% or $0.01 from last year’s $0.04 per share. EXAR’s profit will be $2.55M for 48.75 P/E if the $0.05 EPS becomes a reality. After $0.13 actual EPS reported by Exar Corporation for the previous quarter, Wall Street now forecasts -61.54% negative EPS growth.
Exar Corporation (NYSE:EXAR) Ratings Coverage
Out of 4 analysts covering Exar (NYSE:EXAR), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Exar has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Monday, October 12, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, August 5 by Stifel Nicolaus. B. Riley & Co upgraded Exar Corporation (NYSE:EXAR) on Tuesday, June 7 to “Buy” rating. Cowen & Co downgraded the stock to “Market Perform” rating in Tuesday, October 20 report. The stock of Exar Corporation (NYSE:EXAR) has “Outperform” rating given on Wednesday, August 5 by Cowen & Co. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, June 16. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, May 12 report. TH Capital maintained the shares of EXAR in a report on Tuesday, November 10 with “Buy” rating.
According to Zacks Investment Research, “Exar Corporation designs, develops and markets analog and mixed-signal integrated circuits for use in communications and video and imaging products. The company’s target markets are ones in which the company believes its design and process expertise, combined with its knowledge of particular system application requirements, enables the company to deliver products that provide effective solutions to customer needs. The company also produces digital integrated circuits used in communications products, as well as general purpose analog integrated circuits.”
Insitutional Activity: The institutional sentiment decreased to 1.49 in Q2 2016. Its down 0.64, from 2.13 in 2016Q1. The ratio is negative, as 13 funds sold all Exar Corporation shares owned while 26 reduced positions. 17 funds bought stakes while 41 increased positions. They now own 37.44 million shares or 0.34% less from 37.56 million shares in 2016Q1.
Amp Capital Invsts holds 0% or 12,000 shares in its portfolio. New York State Teachers Retirement last reported 174,035 shares in the company. Tiaa Cref Invest Management Limited Liability Corp holds 0% of its portfolio in Exar Corporation (NYSE:EXAR) for 152,802 shares. Jpmorgan Chase accumulated 38,364 shares or 0% of the stock. Gemmer Asset Mngmt Lc has invested 0% of its portfolio in Exar Corporation (NYSE:EXAR). California State Teachers Retirement Systems last reported 0% of its portfolio in the stock. Louisiana State Employees Retirement System owns 21,500 shares or 0.01% of their US portfolio. Metropolitan Life Insur Ny holds 0% or 29,200 shares in its portfolio. The California-based Blackrock Fund Advsr has invested 0.01% in Exar Corporation (NYSE:EXAR). The Illinois-based Ubs Asset Mngmt Americas has invested 0% in Exar Corporation (NYSE:EXAR). The Massachusetts-based Geode Capital Mgmt Ltd Liability Corporation has invested 0% in Exar Corporation (NYSE:EXAR). Swiss Bank & Trust has 60,500 shares for 0% of their US portfolio. The Texas-based Dimensional Fund Advsrs Lp has invested 0.01% in Exar Corporation (NYSE:EXAR). Voya Investment Mgmt Lc, a Georgia-based fund reported 19,590 shares. Invesco accumulated 215,009 shares or 0% of the stock.
Insider Transactions: Since June 7, 2016, the stock had 3 buys, and 4 selling transactions for $162,705 net activity. LOUGHEED JAMES bought 3,400 shares worth $29,965. On Tuesday, June 7 Hilton Brian sold $58,261 worth of the stock or 7,000 shares. 7,000 shares with value of $59,220 were sold by Guilbault Pierre G on Tuesday, June 7. Wark Daniel sold $13,845 worth of stock or 1,537 shares. Benton Ryan A bought $41,985 worth of stock.
More notable recent Exar Corporation (NYSE:EXAR) news were published by: Prnewswire.com which released: “Exar Corporation Announces Gary Meyers’ Appointment as Chairman of the Board …” on September 19, 2016, also Prnewswire.com with their article: “Exar Launches High-Speed, Small Footprint RS-485 Receivers for High …” published on September 16, 2016, Fool.com published: “Why Exar Corporation Fell 17% Tuesday” on October 20, 2015. More interesting news about Exar Corporation (NYSE:EXAR) were released by: Prnewswire.com and their article: “Exar Corporation Appoints Robert Pfister as Vice President of EMEA Sales” published on January 14, 2016 as well as Prnewswire.com‘s news article titled: “Exar Corporation Hires Tuomas Hollman as Division Vice President” with publication date: January 12, 2016.
EXAR Company Profile
Exar Corporation (Exar), incorporated on October 10, 1991, 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. Exar’s product portfolio includes connectivity, power management, high performance analog, communications, processors, flat panel display and LED lighting. The Firm creates and develops amplifiers and data converters that support a range of signal path and conditioning needs of networking, industrial control and embedded applications. Exar markets its products to three primary markets: industrial and embedded systems, consumer and infrastructure.
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