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

A number of brokerages recently weighed in on GIG. B. Riley restated a “buy” rating and set a $4.50 target price on shares of GigPeak in a research report on Monday, April 25th. Needham & Company LLC restated a “buy” rating and set a $3.50 target price on shares of GigPeak in a research report on Tuesday, July 26th. TheStreet lowered shares of GigPeak from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Raymond James Financial Inc. began coverage on shares of GigPeak in a research report on Thursday, June 16th. They set an “outperform” rating and a $3.50 target price for the company. Finally, Cowen and Company restated an “outperform” rating and set a $3.00 target price (down previously from $4.00) on shares of GigPeak in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $3.90.

The stock has a market cap of $115.06 million and a price-to-earnings ratio of 77.78. The firm’s 50 day moving average is $2.00 and its 200 day moving average is $2.45.

GigPeak (NYSE:GIG) last posted its earnings results on Monday, July 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $15.40 million for the quarter, compared to analysts’ expectations of $15.21 million. During the same period last year, the firm earned $0.06 earnings per share. GigPeak’s revenue for the quarter was up 57.1% compared to the same quarter last year. On average, analysts expect that GigPeak Inc will post $0.18 EPS for the current year.

In other news, CFO Darren Ma sold 25,000 shares of GigPeak 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 $50,000.00. Following the completion of the transaction, the chief financial officer now directly owns 36,695 shares of the company’s stock, valued at approximately $73,390. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kimberly D. C. Trapp sold 15,000 shares of GigPeak 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 transaction, the director now directly owns 74,463 shares of the company’s stock, valued at $148,926. 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 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 (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.

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