Shares of GigPeak Inc (NYSE:GIG) were up 2.5% on Friday . The company traded as high as $2.04 and last traded at $2.03, with a volume of 183,173 shares. The stock had previously closed at $1.98.

A number of equities analysts recently commented on GIG shares. TheStreet raised shares of GigPeak from a “hold” rating to a “buy” rating in a research note on Friday, June 3rd. Raymond James Financial Inc. started coverage on shares of GigPeak in a research note on Thursday, June 16th. They issued an “outperform” rating and a $3.50 price objective for the company. Needham & Company LLC started coverage on shares of GigPeak in a research note on Tuesday, June 14th. They issued a “buy” rating and a $3.50 price objective for the company. Cowen and Company reaffirmed an “outperform” rating and issued a $3.00 price objective (down previously from $4.00) on shares of GigPeak in a research note on Tuesday, June 28th. Finally, Zacks Investment Research lowered shares of GigPeak from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $3.90.

The company has a 50-day moving average of $1.99 and a 200 day moving average of $2.43. The stock has a market cap of $137.62 million and a PE ratio of 75.56.

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

In other GigPeak news, Director Kimberly D. C. Trapp sold 15,000 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 transaction of $30,000.00. Following the transaction, the director now directly 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 is available through this hyperlink. Also, COO Raluca Dinu sold 54,000 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 $108,000.00. Following the transaction, the chief operating officer now directly owns 31,434 shares in the company, valued at $62,868. The disclosure for this sale can be found here.

An institutional investor recently raised its position in GigPeak stock. Russell Frank Co boosted its position in GigPeak Inc (NYSE:GIG) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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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