Notable Price Action: GigPeak Inc’s Stock Is Buy After Today’s Huge Increase

Notable Price Action: GigPeak Inc's Stock Is Buy After Today's Huge Increase

The stock of GigPeak Inc (NYSEMKT:GIG) is a huge mover today! About 1.76 million shares traded hands or 193.62% up from the average. GigPeak Inc (NYSEMKT:GIG) has risen 4.82% since March 15, 2016 and is uptrending. It has underperformed by 0.67% the S&P500.
The move comes after 9 months positive chart setup for the $176.10 million company. It was reported on Oct, 18 by Barchart.com. We have $4.40 PT which if reached, will make NYSEMKT:GIG worth $130.31 million 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. TH Capital maintained GigPeak Inc (NYSEMKT:GIG) on Tuesday, January 5 with “Buy” rating. The rating was initiated by Northland Capital on Tuesday, October 6 with “Outperform”. On Tuesday, June 28 the stock rating was maintained by Cowen & Co with “Outperform”. On Tuesday, July 28 the stock rating was maintained by TH Capital with “Buy”. The rating was maintained by Cowen & Co on Monday, January 4 with “Outperform”. As per Tuesday, January 5, the company rating was maintained by Barrington Research. The firm has “Buy” rating by Sterne Agee CRT given on Friday, December 4. Cowen & Co initiated the stock with “Outperform” rating in Monday, August 31 report. The firm has “Buy” rating by Needham given on Tuesday, June 14.

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: Twst.com, which released: “GigPeak Inc.: GigPeak Reports Record Revenue and Enhanced Overall Financial …” on October 17, 2016. Businesswire.com‘s article titled: “GigPeak, Inc. Announces Pricing of Public Offering of Common Stock” and published on June 10, 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 Company’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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