Metropolitan Life Insurance Co. NY Maintains Stake in Exar Co. (EXAR)
Metropolitan Life Insurance Co. NY maintained its position in shares of Exar Co. (NYSE:EXAR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,868 shares of the semiconductor company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Exar were worth $376,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Gabelli Funds LLC acquired a new position in shares of Exar during the first quarter valued at about $6,390,000. Gamco Investors INC. ET AL acquired a new position in shares of Exar during the first quarter valued at about $1,532,000. Teton Advisors Inc. acquired a new position in shares of Exar during the first quarter valued at about $1,301,000. UBS Asset Management Americas Inc. acquired a new position in shares of Exar during the first quarter valued at about $134,000. Finally, Comerica Bank boosted its position in shares of Exar by 6.6% in the first quarter. Comerica Bank now owns 47,232 shares of the semiconductor company’s stock valued at $613,000 after buying an additional 2,940 shares during the period. 78.84% of the stock is owned by institutional investors and hedge funds.
Shares of Exar Co. (NYSE EXAR) remained flat at $12.99 during trading on Friday. 52 shares of the company were exchanged. Exar Co. has a one year low of $7.46 and a one year high of $13.05. The stock’s 50-day moving average price is $12.99 and its 200-day moving average price is $11.71.
Separately, B. Riley restated a “neutral” rating and issued a $13.00 price target on shares of Exar in a research report on Friday, May 19th.
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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