Glazer Capital LLC Purchases New Stake in Exar Co. (EXAR)

Glazer Capital LLC purchased a new position in Exar Co. (NYSE:EXAR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 186,420 shares of the semiconductor company’s stock, valued at approximately $2,425,000. Glazer Capital LLC owned approximately 0.37% of Exar at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in EXAR. BNP Paribas Arbitrage SA increased its position in shares of Exar by 16.7% in the first quarter. BNP Paribas Arbitrage SA now owns 8,257 shares of the semiconductor company’s stock worth $107,000 after buying an additional 1,181 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of Exar by 8.6% in the first quarter. Mason Street Advisors LLC now owns 9,996 shares of the semiconductor company’s stock worth $130,000 after buying an additional 791 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Exar during the first quarter worth $134,000. UBS Group AG increased its position in shares of Exar by 0.9% in the first quarter. UBS Group AG now owns 10,995 shares of the semiconductor company’s stock worth $143,000 after buying an additional 102 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Exar during the fourth quarter worth $185,000. 78.84% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Exar (NYSE:EXAR)

Shares of 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 one year low of $7.37 and a one year high of $13.05.

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A number of equities analysts have weighed in on EXAR shares. Zacks Investment Research raised shares of Exar from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Stifel Nicolaus downgraded shares of Exar from a “buy” rating to a “hold” rating and raised their target price for the company from $12.00 to $13.00 in a research note on Thursday, March 30th. Finally, B. Riley downgraded shares of Exar from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research note on Thursday, March 30th.

About 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.

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