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Exar Corp. (NASDAQ:EXAR) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Friday, AR Network reports.

The analysts wrote, “Exar Corporation (EXAR) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow.”

Exar Corp. (NASDAQ:EXAR) traded down 1.64% on Friday, hitting $11.115. 157,158 shares of the company’s stock traded hands. Exar Corp. has a 52 week low of $10.00 and a 52 week high of $13.85. The stock has a 50-day moving average of $11.84 and a 200-day moving average of $12.50. The company has a market cap of $528.1 million and a price-to-earnings ratio of 51.36.

Exar Corp. (NASDAQ:EXAR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.09 earnings per share. Exar Corp.’s revenue was down 1.0% compared to the same quarter last year. 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 B. Riley cut their price target on shares of Exar Corp. from $15.00 to $13.00 in a research note to investors on Thursday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Exar Corp. has a consensus rating of “Buy” and an average price target of $14.25.

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

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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