Shares of GigPeak Inc (NYSE:GIG) traded up 2.5% during trading on Monday . The stock traded as high as $2.07 and last traded at $2.07, with a volume of 135,795 shares traded. The stock had previously closed at $2.02.

Several analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $4.50 target price on shares of GigPeak in a research note on Monday, April 25th. Needham & Company LLC assumed coverage on shares of GigPeak in a research note on Tuesday, June 14th. They issued a “buy” rating and a $3.50 target price for the company. TheStreet cut shares of GigPeak from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Cowen and Company reaffirmed an “outperform” rating and issued a $3.00 target price (down from $4.00) on shares of GigPeak in a research note on Tuesday, June 28th. Finally, Raymond James Financial Inc. assumed coverage on shares of GigPeak in a research note on Thursday, June 16th. They issued an “outperform” rating and a $3.50 target price for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $3.90.

The firm has a 50 day moving average price of $2.20 and a 200 day moving average price of $2.55. The firm has a market capitalization of $110.58 million and a PE ratio of 49.05.

GigPeak (NYSE:GIG) last released its earnings results on Monday, April 18th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $11.40 million for the quarter, compared to analyst estimates of $11.14 million. During the same period in the prior year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities analysts anticipate that GigPeak Inc will post $0.19 earnings per share for the current year.

In related news, COO Raluca Dinu sold 54,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $2.00, for a total value of $108,000.00. Following the completion of the sale, the chief operating officer now owns 31,434 shares in the company, valued at approximately $62,868. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kimberly D. C. Trapp sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $2.00, for a total transaction of $30,000.00. Following the completion of the sale, the director now owns 74,463 shares of the company’s stock, valued at approximately $148,926. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in GigPeak stock. Russell Frank Co boosted its stake in shares of GigPeak Inc (NYSE:GIG) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 576,161 shares of the company’s stock after buying an additional 140,978 shares during the period. Russell Frank Co owned approximately 1.31% of GigPeak worth $1,791,000 at the end of the most recent quarter.

GigPeak, Inc, formerly GigOptix, Inc is a semiconductor designer, developer and supplier of a range of analog, digital and mixed signal components to enable information streaming over the telecom networks, datacom infrastructure and consumer electronics links. The Company’s business is made up of two product lines: High-Speed Communications (HSC) product line and Industrial product line.

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