Exar Corp (EXAR) Files Form 4 Insider Buying : James Lougheed Buys 4,230 Shares

Exar Corp (EXAR): James Lougheed , Senior VP, Sales and Marketing of Exar Corp purchased 4,230 shares on Jun 9, 2016. The Insider buying transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.21 per share for a total value of $34,816.52 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Pierre G Guilbault (director) sold 7,000 shares at $8.46 per share price.On Jun 8, 2016, Ryan A Benton (CFO) purchased 5,000 shares at $8.40 per share price.Also, On Jun 8, 2016, Brian Hilton (director) sold 7,000 shares at $8.32 per share price.On Jun 8, 2016, James Lougheed (Senior VP, Sales and Marketing) sold 16,446 shares at $8.40 per share price.

Shares of Exar Corporation (EXAR) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -2.14% at $8.23 with 4,30,142 shares getting traded. Post opening the session at $8.35, the shares hit an intraday low of $8.16 and an intraday high of $8.41 and the price vacillated in this range throughout the day. The company has a market cap of $400 M and the number of outstanding shares has been calculated to be 4,86,20,468 shares. The 52-week high of Exar Corporation is $10.92 and the 52-week low is $4.82.

Exar Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Exar Corporation is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 10 from a previous price target of $9 .The Rating was issued on Jun 6, 2016.Exar Corporation is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 8 from a previous price target of $7 .The Rating was issued on May 12, 2016.

Exar Corporation designs develops and markets high performance analog mixed-signal integrated circuits and advanced sub-system solutions for the Networking & Storage Industrial & Embedded Systems and Communications Infrastructure markets. Exar’s products are deployed in an array of applications such as servers and routers enterprise storage systems industrial control and process automation equipment set top boxes and digital video recorders. The Company’s products are organized into six product lines: Connectivity Components Power Management Components Data Compression and Storage Solutions Communications Products High Performance Analog Components and Video Processor Solutions. The Company offers Universal Asynchronous Receiver or Transmitters solutions as well as serial transceiver devices. The Company’s portfolio of products includes instrumentation hybrid amplifiers as well as high speed analog-to-digital converters and digital-to-analog converters.

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