Analyst Price Target Update on GigOptix (NYSEMKT:GIG)

GigOptix (NYSEMKT:GIG) should head towards $4.35 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $3 per share. The higher price estimate target is at $6 according to the Analysts.

Many analysts have stated their opinion on the company shares. Roth Capital maintains its view on GigOptix (NYSEMKT:GIG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Roth Capital lowers the price target from $7 per share to $6 per share on GigOptix . The rating by the firm was issued on April 19, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Trapp Kimberly D C, director of Gigoptix, Inc., had unloaded 30,000 shares at an average price of $2.11 in a transaction dated on February 12, 2016. The total value of the transaction was worth $63,300.

GigOptix (NYSEMKT:GIG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.05 points or 2.31% at $2.11 with 966,283 shares getting traded. Post opening the session at $2.11, the shares hit an intraday low of $2.09 and an intraday high of $2.22 and the price was in this range throughout the day. The company has a market cap of $113 million and the number of outstanding shares have been calculated to be 53,680,127 shares. The 52-week high of GigOptix (NYSEMKT:GIG) is $3.42 and the 52-week low is $1.46.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.