Analyst Rating Update on GigOptix (GIG)

GigOptix (NYSEMKT:GIG) : 9 analysts are covering GigOptix (NYSEMKT:GIG) and their average rating on the stock is 1.22, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. GigOptix (NYSEMKT:GIG) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

GigOptix (NYSEMKT:GIG) : 9 Wall Street analysts covering GigOptix (NYSEMKT:GIG) believe that the average level the stock could reach for the short term is $4.16. The maximum price target given is $6 and the minimum target for short term is around $3, hence the standard deviation is calculated at $0.82.

For the current week, the company shares have a recommendation consensus of Buy.

GigOptix (NYSEMKT:GIG): stock turned positive on Tuesday. Though the stock opened at $1.83, the bulls momentum made the stock top out at $1.89 level for the day. The stock recorded a low of $1.8 and closed the trading day at $1.89, in the green by 10.53%. The total traded volume for the day was 828,220. The stock had closed at $1.71 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Ma Darren, officer (Vice President and CFO) of Gigpeak, Inc., had unloaded 25,000 shares at an average price of $2 in a transaction dated on June 10, 2016. The total value of the transaction was worth $50,000.

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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