Bank of New York Mellon Corp raised its position in shares of Exar Corporation (NYSE:EXAR) by 6.6% during the third quarter, Holdings Channel reports. The institutional investor owned 498,383 shares of the company’s stock after buying an additional 30,720 shares during the period. Bank of New York Mellon Corp owned about 1.01% of Exar Corporation worth $4,639,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of EXAR. Sei Investments Co. increased its stake in shares of Exar Corporation by 931.4% in the second quarter. Sei Investments Co. now owns 155,621 shares of the company’s stock worth $1,253,000 after buying an additional 140,533 shares during the period. Doheny Asset Management CA purchased a new stake in shares of Exar Corporation during the second quarter worth $5,064,000. BlackRock Group LTD increased its stake in shares of Exar Corporation by 9.1% in the second quarter. BlackRock Group LTD now owns 41,372 shares of the company’s stock worth $333,000 after buying an additional 3,453 shares during the period. BlackRock Fund Advisors increased its stake in shares of Exar Corporation by 4.5% in the second quarter. BlackRock Fund Advisors now owns 3,032,278 shares of the company’s stock worth $24,410,000 after buying an additional 131,633 shares during the period. Finally, BlackRock Investment Management LLC increased its stake in shares of Exar Corporation by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 191,615 shares of the company’s stock worth $1,543,000 after buying an additional 20,693 shares during the period. 77.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Exar Corporation (NYSE:EXAR) traded up 1.17% during trading on Friday, reaching $10.38. 52,445 shares of the company’s stock traded hands. Exar Corporation has a 52-week low of $4.82 and a 52-week high of $11.09. The company’s 50-day moving average is $10.41 and its 200 day moving average is $9.40. The company has a market cap of $520.54 million, a price-to-earnings ratio of 1153.33 and a beta of 1.50.
EXAR has been the subject of several research reports. Zacks Investment Research downgraded shares of Exar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, November 29th. B. Riley reissued a “buy” rating and issued a $11.50 price objective on shares of Exar Corporation in a research note on Wednesday, December 21st.
In related news, Director Pierre G. Guilbault sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $9.76, for a total transaction of $63,440.00. Following the completion of the transaction, the director now owns 42,500 shares of the company’s stock, valued at $414,800. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.53% of the stock is owned by company insiders.
Exar Corporation 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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