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Analysts at B. Riley lowered their price target on shares of Exar Corp. (NASDAQ:EXAR) from $15.00 to $13.00 in a research report issued to clients and investors on Thursday, Stock Ratings reports. B. Riley’s target price suggests a potential upside of 15.04% from the company’s current price.

In other Exar Corp. news, major shareholder Soros Fund Management Llc unloaded 985,708 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $12.14, for a total transaction of $11,966,495.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Exar Corp. (NASDAQ:EXAR) traded down 7.38% on Thursday, hitting $11.30. The stock had a trading volume of 1,146,058 shares. Exar Corp. has a 1-year low of $10.00 and a 1-year high of $13.85. The stock’s 50-day moving average is $11.85 and its 200-day moving average is $12.51. The company has a market cap of $536.9 million and a price-to-earnings ratio of 55.45.

Exar Corp. (NASDAQ:EXAR) last announced its earnings results on Wednesday, January 29th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.03. The company had revenue of $30.70 million for the quarter, compared to the consensus estimate of $32.14 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Exar Corp. will post $0.36 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company initiated coverage on shares of Exar Corp. in a research note to investors on Friday, December 20th. They set an “outperform” rating and a $14.00 price target on the stock. Analysts at Needham & Company reiterated a “buy” rating on shares of Exar Corp. in a research note to investors on Friday, November 15th. They now have a $15.00 price target on the stock.

Exar Corporation (NASDAQ:EXAR), designs, develops and markets analog and mixed-signal integrated circuits (ICs) and sub-system solutions for data and telecommunications, networking and storage, industrial control and consumer applications.

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