Pierre G. Guilbault Sells 6,500 Shares of Exar Corp. (EXAR) Stock
Exar Corp. (NYSE:EXAR) Director Pierre G. Guilbault sold 6,500 shares of Exar Corp. stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $9.76, for a total value of $63,440.00. Following the sale, the director now directly owns 42,500 shares of the company’s stock, valued at $414,800. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Exar Corp. (NYSE:EXAR) traded down 1.10% during trading on Friday, hitting $9.89. The stock had a trading volume of 19,201 shares. Exar Corp. has a 1-year low of $4.82 and a 1-year high of $10.14. The company has a market cap of $495.96 million, a PE ratio of 1098.89 and a beta of 1.45. The firm’s 50 day moving average is $9.23 and its 200 day moving average is $8.36.
EXAR has been the topic of a number of recent research reports. Zacks Investment Research lowered Exar Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. B. Riley restated a “buy” rating and set a $11.50 price objective on shares of Exar Corp. in a research note on Tuesday, August 9th.
A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Exar Corp. by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,656,691 shares of the company’s stock valued at $21,386,000 after buying an additional 154,847 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Exar Corp. during the second quarter valued at about $250,000. JPMorgan Chase & Co. increased its stake in Exar Corp. by 61,777.4% in the second quarter. JPMorgan Chase & Co. now owns 38,364 shares of the company’s stock valued at $308,000 after buying an additional 38,302 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Exar Corp. by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 235,740 shares of the company’s stock valued at $1,898,000 after buying an additional 8,810 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in Exar Corp. during the second quarter valued at about $276,000. Institutional investors and hedge funds own 79.68% of the company’s stock.
About Exar Corp.
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.
Receive News & Stock Ratings for Exar Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exar Corp. and related stocks with our FREE daily email newsletter.