Headlines about Exar (NYSE:EXAR) have trended positive this week, Alpha One reports. The research group, a unit of Accern, scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Exar earned a coverage optimism score of 0.34 on Alpha One’s scale. Alpha One also gave news articles about the semiconductor company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
A number of brokerages have issued reports on EXAR. B. Riley restated a “neutral” rating and set a $13.00 price objective on shares of Exar in a research report on Tuesday, May 9th. Zacks Investment Research downgraded Exar from a “hold” rating to a “sell” rating in a research report on Monday, April 3rd. Finally, Stifel Nicolaus downgraded Exar from a “buy” rating to a “hold” rating and upped their price objective for the company from $12.00 to $13.00 in a research report on Thursday, March 30th.
Exar (EXAR) opened at 12.99 on Friday. Exar has a 1-year low of $7.37 and a 1-year high of $13.05. The stock’s 50 day moving average price is $12.99 and its 200-day moving average price is $11.53.
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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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