Burren Capital Advisors Ltd acquired a new stake in shares of Exar Co. (NYSE:EXAR) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 54,500 shares of the semiconductor company’s stock, valued at approximately $709,000. Exar comprises about 2.9% of Burren Capital Advisors Ltd’s holdings, making the stock its 10th largest position. Burren Capital Advisors Ltd owned about 0.11% of Exar at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of Exar during the fourth quarter valued at $6,451,000. Comerica Bank boosted its position in Exar by 5.7% in the fourth quarter. Comerica Bank now owns 44,292 shares of the semiconductor company’s stock worth $465,000 after buying an additional 2,378 shares during the period. State Street Corp boosted its position in Exar by 13.1% in the fourth quarter. State Street Corp now owns 891,666 shares of the semiconductor company’s stock worth $9,609,000 after buying an additional 103,141 shares during the period. Oxford Asset Management acquired a new position in Exar during the fourth quarter worth approximately $1,028,000. Finally, Dimensional Fund Advisors LP boosted its position in Exar by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,981,499 shares of the semiconductor company’s stock worth $32,141,000 after buying an additional 97,278 shares during the period. 78.84% of the stock is owned by hedge funds and other institutional investors.
Exar Co. (NYSE:EXAR) remained flat at $12.99 during trading on Friday. The firm has a 50-day moving average of $12.99 and a 200-day moving average of $11.50. Exar Co. has a 52 week low of $7.37 and a 52 week high of $13.05.
A number of equities analysts have recently commented on the company. B. Riley reissued a “neutral” rating and set a $13.00 price target on shares of Exar in a report on Tuesday, April 4th. Stifel Nicolaus cut Exar from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $13.00 in a report on Thursday, March 30th. Finally, Zacks Investment Research raised Exar from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th.
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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