Gigpeak, Inc. (GIG) Files Form 4 Insider Selling : Avi S Katz Sells 410,000 Shares

Gigpeak, Inc. (GIG): Avi S Katz , President and CEO of Gigpeak, Inc. sold 410,000 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $2.00 per share for a total value of $820,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Darren Ma (Vice President and CFO) sold 25,000 shares at $2.00 per share price.On Jun 14, 2016, Andrea Betti-berutto (CTO) sold 67,778 shares at $2.00 per share price.Also, On Jun 14, 2016, Joseph J Lazzara (director) sold 25,322 shares at $2.00 per share price.On Jun 14, 2016, Neil Miotto (director) sold 30,000 shares at $2.00 per share price.

Shares of GigOptix Inc (GIG) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.46 points or -17.56% at $2.16 with 68,19,907 shares getting traded. Post opening the session at $2.09, the shares hit an intraday low of $2.07 and an intraday high of $2.23 and the price vacillated in this range throughout the day. The company has a market cap of $116 M and the number of outstanding shares has been calculated to be 5,36,80,127 shares. The 52-week high of GigOptix Inc is $3.42 and the 52-week low is $1.46.

GigOptix Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.GigOptix Inc is Initiated by Needham to Buy and the brokerage firm has set the Price Target at $3.50. The Rating was issued on Jun 14, 2016.

GigOptix Inc. (GigOptix) is a fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications industrial defense and avionics industries. The business is made up of two product lines: the High-Speed Communications (HSC) product line and the Industrial product line. The Company offers an array of high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers TIAs and TFPS optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks. It also offers a wide range of digital and mixed-signal ASIC solutions.

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