GigPeak Inc (NYSE:GIG) shares were down 2.5% during mid-day trading on Monday . The stock traded as low as $1.98 and last traded at $1.99, with a volume of 151,942 shares. The stock had previously closed at $2.04.

Several research analysts recently issued reports on GIG shares. B. Riley reissued a “buy” rating and issued a $4.50 price target on shares of GigPeak in a research report on Monday, April 25th. TheStreet raised shares of GigPeak from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Zacks Investment Research raised shares of GigPeak from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Raymond James Financial Inc. started coverage on shares of GigPeak in a research note on Thursday, June 16th. They set an “outperform” rating and a $3.50 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $3.50 price objective on shares of GigPeak in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $3.90.

The company has a market cap of $134.92 million and a price-to-earnings ratio of 74.07. The company’s 50 day moving average is $2.00 and its 200-day moving average is $2.41.

GigPeak (NYSE:GIG) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.05 earnings per share for the quarter, topping 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 quarter last year, the firm earned $0.06 EPS. GigPeak’s revenue for the quarter was up 57.1% compared to the same quarter last year. Equities analysts anticipate that GigPeak Inc will post $0.18 EPS for the current fiscal year.

In other GigPeak news, Director Kimberly D. C. Trapp sold 15,000 shares of GigPeak stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $2.00, for a total value of $30,000.00. Following the completion of the sale, the director now owns 74,463 shares in the company, valued at approximately $148,926. The sale 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 dated 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 sale, the chief executive officer now owns 65,341 shares of the company’s stock, valued at approximately $130,682. The disclosure for this sale can be found here.

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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