GigPeak Inc (NYSE:GIG) was 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 changing hands. The stock had previously closed at $2.02.

Several equities research analysts recently commented on GIG shares. Zacks Investment Research raised GigPeak from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Friday, April 22nd. Sterne Agee CRT reaffirmed a “buy” rating and set a $4.35 price objective on shares of GigPeak in a research report on Tuesday, April 5th. Roth Capital reaffirmed a “buy” rating on shares of GigPeak in a research report on Tuesday, April 5th. TheStreet raised GigPeak from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $3.50 price objective on shares of GigPeak in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $3.90.

The stock has a market cap of $107.90 million and a price-to-earnings ratio of 47.86. The stock has a 50-day moving average of $2.18 and a 200 day moving average of $2.53.

GigPeak (NYSE:GIG) last issued its earnings results on Monday, April 18th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. During the same period last year, the firm earned $0.02 earnings per share. The firm had revenue of $11.40 million for the quarter, compared to the consensus estimate of $11.14 million. The company’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 EPS for the current fiscal year.

In other news, insider Andrea Betti-Berutto sold 67,778 shares of the business’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $2.00, for a total value of $135,556.00. Following the completion of the transaction, the insider now directly owns 41,812 shares of the company’s stock, valued at approximately $83,624. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Avi S. Katz sold 410,000 shares of the business’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $2.00, for a total value of $820,000.00. Following the completion of the transaction, the chief executive officer now directly owns 65,341 shares of the company’s stock, valued at $130,682. The disclosure for this sale can be found here.

An institutional investor recently raised its position in GigPeak stock. Russell Frank Co increased its stake in 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 (SEC). The firm owned 576,161 shares of the company’s stock after buying an additional 140,978 shares during the period. Russell Frank Co owned about 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.