Zacks Investment Research downgraded Exar Corporation (NYSE:EXAR) to Hold in a report released today.
- Updated: October 4, 2016
Yesterday Exar Corporation (NYSE:EXAR) traded -2.26% lower at $9.52. The company’s 50-day moving average is $9.11 and its 200-day moving average is $7.60. The last closing price is up 25.26% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 272,941 shares of the stock were exchanged, up from an average trading volume of 267,211
Zacks Investment Research has downgraded Exar Corporation (NYSE:EXAR) to Hold in a report released on 10/04/2016.
Previously on 8/30/2016, Zacks Investment Research reported on Exar Corporation (NYSE:EXAR) raised the target price from $0.00 to $11.00. At the time, this indicated a possible upside of 0.20%.
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Exar Corporation has a 52 week low of $4.82 and a 52 week high of $9.85 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is $9.70 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Exar Corporation (NYSE:EXAR)
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. Exar's product portfolio includes connectivity, power management, high performance analog, communications, processors, flat panel display and LED lighting. The Company designs and develops amplifiers and data converters that support a range of signal path and conditioning needs of networking, industrial control and embedded applications. The Company markets its products to three primary markets, such as industrial and embedded systems, consumer and infrastructure.
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