Exar Corp. Upgraded to “Hold” at EVA Dimensions LLC (EXAR)
Exar Corp. (NASDAQ:EXAR) was upgraded by EVA Dimensions LLC from an “underweight” rating to a “hold” rating in a research note issued on Tuesday, AnalystRatingsNetwork.com reports.
Exar Corp. (NASDAQ:EXAR) traded down 0.61% during mid-day trading on Tuesday, hitting $11.33. The stock had a trading volume of 35,041 shares. 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 $11.54 and a 200-day moving average of $12.30. The company has a market cap of $538.0 million and a price-to-earnings ratio of 75.50.
Exar Corp. (NASDAQ:EXAR) last released its earnings data 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 $0.26 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Exar Corp. from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Separately, analysts at B. Riley cut their price target on shares of Exar Corp. from $15.00 to $13.00 in a research note on Thursday, January 30th. Finally, analysts at Cowen and Company initiated coverage on shares of Exar Corp. in a research note on Friday, December 20th. They set an “outperform” rating and a $14.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.25.
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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