Exar’s (EXAR) “Neutral” Rating Reaffirmed at B. Riley
Exar Co. (NYSE:EXAR)‘s stock had its “neutral” rating reiterated by research analysts at B. Riley in a report released on Friday. They presently have a $13.00 price objective on the semiconductor company’s stock. B. Riley’s price objective suggests a potential upside of 0.08% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Exar from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Cowen and Company raised their price objective on shares of Exar from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, Stifel Nicolaus lowered shares of Exar from a “buy” rating to a “hold” rating and raised their price objective for the company from $12.00 to $13.00 in a report on Thursday, March 30th.
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A number of hedge funds and other institutional investors have recently modified their holdings of EXAR. Goldman Sachs Group Inc. raised its position in Exar by 573.1% in the first quarter. Goldman Sachs Group Inc. now owns 467,932 shares of the semiconductor company’s stock valued at $6,088,000 after buying an additional 398,415 shares during the last quarter. AQR Capital Management LLC raised its position in Exar by 39.6% in the first quarter. AQR Capital Management LLC now owns 190,178 shares of the semiconductor company’s stock valued at $2,475,000 after buying an additional 53,908 shares during the last quarter. Glazer Capital LLC purchased a new position in Exar during the first quarter valued at about $2,425,000. Gotham Asset Management LLC purchased a new position in Exar during the first quarter valued at about $523,000. Finally, Burren Capital Advisors Ltd purchased a new position in Exar during the first quarter valued at about $709,000. Institutional investors and hedge funds own 78.84% of the company’s stock.
Exar Company Profile
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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