Revenue Update on Exar Corporation(NYSE:EXAR)

Exar Corporation(NYSE:EXAR) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 3, 2016. Earnings per share were $0.08. Analysts had estimated an EPS of $0.07.

In a different note, On Jun 16, 2016, Stifel Nicolaus said it Maintains its rating on Exar Corporation. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 7, 2016, B. Riley said it Upgrades its rating on Exar Corporation. In the research note, the firm Raises the price-target to $6.50 per share. The shares have been rated ‘Buy’ by the firm.

Exar Corporation (EXAR) made into the market gainers list on Fridays trading session with the shares advancing 1.67% or 0.15 points. Due to strong positive momentum, the stock ended at $9.12, which is also near the day’s high of $9.14. The stock began the session at $8.95 and the volume stood at 2,78,333 shares. The 52-week high of the shares is $9.14 and the 52 week low is $4.82. The company has a current market capitalization of $452 M and it has 4,95,74,599 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, James Lougheed (Senior VP, Sales and Marketing) purchased 4,230 shares at $8.21 per share price.Also, 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, according to the Form-4 filing with the securities and exchange commission.

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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