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

Several equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $4.50 price target on shares of GigPeak in a research report on Monday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.50 price target on shares of GigPeak in a research report on Tuesday, July 26th. TheStreet cut shares of GigPeak from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Raymond James Financial Inc. assumed coverage on shares of GigPeak in a research report on Thursday, June 16th. They set an “outperform” rating and a $3.50 price target on the stock. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $3.00 price target (down previously from $4.00) on shares of GigPeak in a research report on Tuesday, June 28th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. GigPeak has a consensus rating of “Buy” and a consensus price target of $3.90.

The stock has a market cap of $134.25 million and a P/E ratio of 73.70. The company’s 50 day moving average is $2.01 and its 200 day moving average is $2.41.

GigPeak (NYSE:GIG) last announced its earnings results on Monday, July 25th. The company reported $0.05 EPS for the quarter, topping the 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 business’s revenue was up 57.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. Equities research analysts forecast that GigPeak Inc will post $0.18 EPS for the current fiscal year.

In other news, insider Andrea Betti-Berutto sold 67,778 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $2.00, for a total transaction of $135,556.00. Following the transaction, the insider now owns 41,812 shares in the company, valued at approximately $83,624. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimberly D. C. Trapp sold 15,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $148,926. 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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