GigPeak Inc (NYSE:GIG)’s share price was up 5% during trading on Friday . The stock traded as high as $2.10 and last traded at $2.10, with a volume of 811,725 shares trading hands. The stock had previously closed at $2.00.

Several equities analysts have commented on GIG shares. B. Riley reiterated a “buy” rating and set a $4.50 price target on shares of GigPeak in a report on Sunday, April 10th. Zacks Investment Research upgraded GigPeak from a “hold” rating to a “strong-buy” rating and set a $3.50 price target on the stock in a report on Tuesday, April 12th. Roth Capital lowered their price target on GigPeak from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Sterne Agee CRT reiterated a “buy” rating and set a $4.35 price target on shares of GigPeak in a report on Tuesday, April 19th. Finally, TheStreet upgraded GigPeak from a “hold” rating to a “buy” rating in a report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $3.90.

The company has a 50-day moving average of $2.00 and a 200 day moving average of $2.45. The stock has a market capitalization of $115.06 million and a PE ratio of 77.78.

GigPeak (NYSE:GIG) last released its earnings results on Monday, July 25th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm earned $15.40 million during the quarter, compared to the consensus estimate of $15.21 million. The company’s revenue was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. Equities analysts predict that GigPeak Inc will post $0.18 EPS for the current year.

In other GigPeak news, Director Kimberly D. C. Trapp sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $2.00, for a total transaction of $30,000.00. Following the transaction, the director now owns 74,463 shares of the company’s stock, valued at approximately $148,926. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Darren Ma sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $2.00, for a total value of $50,000.00. Following the transaction, the chief financial officer now directly owns 36,695 shares in the company, valued at approximately $73,390. 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 disclosure 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 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.

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