Zacks Investment Research upgraded shares of Exar Corp. (NYSE:EXAR) from a sell rating to a hold rating in a research report released on Monday morning.

According to Zacks, “Exar Corporation designs, develops and markets analog and mixed-signal integrated circuits for use in communications and video and imaging products. The company’s target markets are ones in which the company believes its design and process expertise, combined with its knowledge of particular system application requirements, enables the company to deliver products that provide effective solutions to customer needs. The company also produces digital integrated circuits used in communications products, as well as general purpose analog integrated circuits. “

Separately, B. Riley restated a buy rating and set a $11.50 price target on shares of Exar Corp. in a research note on Tuesday, November 8th.

Shares of Exar Corp. (NYSE:EXAR) opened at 9.84 on Monday. The firm has a market cap of $493.46 million, a PE ratio of 1093.33 and a beta of 1.45. Exar Corp. has a 52-week low of $4.82 and a 52-week high of $10.14. The stock has a 50 day moving average price of $9.27 and a 200-day moving average price of $8.45.

In other news, Director Pierre G. Guilbault sold 6,500 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $9.76, for a total transaction of $63,440.00. Following the sale, the director now owns 42,500 shares of the company’s stock, valued at $414,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.53% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in Exar Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 113,283 shares of the company’s stock valued at $651,000 after buying an additional 3,900 shares during the period. BNP Paribas Arbitrage SA raised its position in Exar Corp. by 87.6% in the second quarter. BNP Paribas Arbitrage SA now owns 14,773 shares of the company’s stock valued at $119,000 after buying an additional 6,899 shares during the period. Foundry Partners LLC acquired a new position in Exar Corp. during the second quarter valued at approximately $2,921,000. RS Investment Management Co. LLC raised its position in Exar Corp. by 39.4% in the second quarter. RS Investment Management Co. LLC now owns 243,440 shares of the company’s stock valued at $1,960,000 after buying an additional 68,800 shares during the period. Finally, California State Teachers Retirement System raised its position in Exar Corp. by 2.8% in the second quarter. California State Teachers Retirement System now owns 85,619 shares of the company’s stock valued at $689,000 after buying an additional 2,324 shares during the period. 78.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

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