Exar Corp (EXAR): Pierre G Guilbault , director of Exar Corp sold 7,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $8.46 per share for a total value of $59,220.00 , 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, Ryan A Benton (CFO) purchased 5,000 shares at $8.40 per share price.On Jun 8, 2016, Brian Hilton (director) sold 7,000 shares at $8.32 per share price.Also, On Jun 8, 2016, James Lougheed (Senior VP, Sales and Marketing) sold 16,446 shares at $8.40 per share price.On May 27, 2015, Richard L Leza (director) sold 8,500 shares at $11.06 per share price.
Exar Corporation: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Exar Corporation which led to swings in the share price. The shares opened for trading at $8.5 and hit $8.62 on the upside , eventually ending the session at $8.44, with a gain of 0.84% or 0.07 points. The heightened volatility saw the trading volume jump to 4,53,619 shares. The 52-week high of the share price is $10.92 and the company has a market cap of $410 M . The 52-week low of the share price is at $4.82.
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 Companys 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 Companys portfolio of products includes instrumentation hybrid amplifiers as well as high speed analog-to-digital converters and digital-to-analog converters.