New York State Teachers Retirement System Has $1,401,000 Stake in Exar Corp. (EXAR)
New York State Teachers Retirement System continued to hold its stake in Exar Corp. (NYSE:EXAR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 174,035 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Exar Corp. were worth $1,401,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. increased its stake 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 in the last quarter. Spark Investment Management LLC bought a new stake in shares of Exar Corp. during the first quarter worth $216,000. Geode Capital Management LLC increased its stake in shares of Exar Corp. by 1.2% in the first quarter. Geode Capital Management LLC now owns 288,417 shares of the company’s stock worth $1,658,000 after buying an additional 3,468 shares during the period. Friess Associates LLC increased its stake in shares of Exar Corp. by 7.1% in the first quarter. Friess Associates LLC now owns 104,645 shares of the company’s stock worth $602,000 after buying an additional 6,980 shares during the period. Finally, Kennedy Capital Management Inc. increased its stake in shares of Exar Corp. by 7.2% in the first quarter. Kennedy Capital Management Inc. now owns 1,751,068 shares of the company’s stock worth $10,069,000 after buying an additional 118,244 shares during the period. 77.94% of the stock is owned by institutional investors and hedge funds.
Exar Corp. (NYSE:EXAR) traded up 0.57% during trading on Tuesday, hitting $8.87. 63,378 shares of the stock were exchanged. The stock’s market capitalization is $439.72 million. The firm has a 50-day moving average of $9.13 and a 200-day moving average of $7.84. Exar Corp. has a 52 week low of $4.82 and a 52 week high of $9.85.
Exar Corp. (NYSE:EXAR) last issued its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $27.10 million for the quarter, compared to the consensus estimate of $26.60 million. Exar Corp. had a negative net margin of 3.36% and a positive return on equity of 5.31%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Equities research analysts anticipate that Exar Corp. will post $0.34 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Exar Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. B. Riley reissued a “buy” rating and issued a $10.50 price target on shares of Exar Corp. in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.83.
In other news, VP James Lougheed bought 3,400 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average cost of $8.81 per share, for a total transaction of $29,954.00. Following the completion of the acquisition, the vice president now owns 29,471 shares in the company, valued at $259,639.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.53% 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.
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