The stock of GigPeak Inc (NYSEMKT:GIG) is a huge mover today! About 906,363 shares traded hands or 42.33% up from the average. GigPeak Inc (NYSEMKT:GIG) has declined 9.93% since April 14, 2016 and is downtrending. It has underperformed by 14.62% the S&P500.
The move comes after 6 months positive chart setup for the $191.27M company. It was reported on Nov, 16 by Barchart.com. We have $7.56 PT which if reached, will make NYSEMKT:GIG worth $330.90M more.
GigPeak Inc (NYSEMKT:GIG) Ratings Coverage
Out of 7 analysts covering GigOptix (NYSEMKT:GIG), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GigOptix has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Cowen & Co initiated it with “Outperform” rating and $3 target price in Monday, August 31 report. Barrington Research maintained GigPeak Inc (NYSEMKT:GIG) rating on Tuesday, January 5. Barrington Research has “Outperform” rating and $4.0 price target. Northland Capital initiated it with “Outperform” rating and $3 target price in Tuesday, October 6 report. The rating was initiated by Sterne Agee CRT with “Buy” on Friday, December 4. The firm has “Buy” rating given on Tuesday, January 5 by TH Capital. TH Capital maintained the stock with “Buy” rating in Tuesday, July 28 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, June 28. The stock has “Buy” rating given by Needham on Tuesday, June 14. Cowen & Co maintained GigPeak Inc (NYSEMKT:GIG) on Monday, January 4 with “Outperform” rating.
According to Zacks Investment Research, “GigPeak, Inc. provides semiconductor ICs and software solutions. The Company’s product lines consist of High-Speed Communications product line and Industrial product line. Its product portfolio consists of fiber-optics telecom, wireless backhaul, data communication and consumer electronics, mil-aero, instrumentation and medical equipment for applications. GigPeak, Inc., formerly known as GigOptix, Inc., is headquartered in San Jose, California.”
More news for GigPeak Inc (NYSEMKT:GIG) were recently published by: Marketwatch.com, which released: “GigPeak Inc. NYSE MKT: GIG” on September 06, 2011. Seekingalpha.com‘s article titled: “GigPeak’s (GIG) CEO Avi Katz on Q2 2016 Results – Earnings Call Transcript” and published on July 26, 2016 is yet another important article.
GIG Company Profile
GigPeak, Inc., formerly GigOptix, Inc., incorporated on March 24, 2008, 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. The Companyâ€™s product portfolio provides solutions in markets, such as fiber-optics telecom, wireless backhaul, data communication and consumer electronics, mil-aero, instrumentation and medical equipment for applications, such as linecards and transponders, active optical cables and pluggables, point-to-point wireless radios, military electronic warfare systems, avionics electronics, global positioning system (GPS) systems and diverse medical equipment, such as ultrasound imaging, X-Ray, magnetic resonance imaging (MRI), computed tomography (CT) scan and defibrillators.
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