GigPeak Inc (NYSE:GIG) traded down 3.8% on Tuesday . The stock traded as low as $1.96 and last traded at $2.01, with a volume of 658,658 shares trading hands. The stock had previously closed at $2.09.

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $3.50 price target on shares of GigPeak in a research note on Wednesday, June 29th. Zacks Investment Research raised GigPeak from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Friday, April 22nd. B. Riley reissued a “buy” rating and issued a $4.50 price target on shares of GigPeak in a research note on Wednesday, April 20th. Cowen and Company reissued an “outperform” rating and issued a $4.00 price target on shares of GigPeak in a research note on Wednesday, April 6th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and set a $4.35 target price on shares of GigPeak in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $3.90.

The stock has a market cap of $111.12 million and a price-to-earnings ratio of 49.29. The stock has a 50-day moving average of $2.09 and a 200 day moving average of $2.50.

GigPeak (NYSE:GIG) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $15.40 million for the quarter, compared to analysts’ expectations of $15.21 million. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Equities research analysts expect that GigPeak Inc will post $0.17 EPS for the current year.

In other GigPeak news, insider Andrea Betti-Berutto sold 67,778 shares of GigPeak stock in a transaction on Friday, June 10th. The shares were sold at an average price of $2.00, for a total value of $135,556.00. Following the transaction, the insider now directly owns 41,812 shares of the company’s stock, valued at $83,624. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Avi S. Katz sold 410,000 shares of GigPeak stock in a transaction on Friday, June 10th. The stock was sold at an average price of $2.00, for a total transaction of $820,000.00. Following the completion of the transaction, the chief executive officer now directly owns 65,341 shares in the company, 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 boosted its stake in GigPeak Inc (NYSE:GIG) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

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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