Raymond James Initiates Coverage on GigOptix Inc to Outperform

Raymond James Initiates Coverage on GigOptix Inc(NYSEMKT:GIG). The shares have been rated Outperform. The rating by Raymond James was issued on Jun 16, 2016.

In a different note, Needham said it Initiates Coverage on GigOptix Inc, according to a research note issued on Jun 14, 2016. The shares have been rated ‘Buy’ by the firm. On Apr 19, 2016, Roth Capital said it Maintains its rating on GigOptix Inc. In the research note, the firm Lowers the price-target to $7.00 per share. The shares have been rated ‘Buy’ by the firm.

GigOptix Inc (GIG) shares turned negative on Tuesdays trading session with the shares closing down -0.03 points or -1.40% at a volume of 12,68,951. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.15. The peak price level was also seen at $2.15 while the days lowest was $2.01. Finally the shares closed at $2.11. The 52-week high of the shares is $3.42 while the 52-week low is $1.48. According to the latest information available, the market cap of the company is $113 M.

GigOptix Inc(GIG) last announced its earnings results on Apr 18, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.05.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Raluca Dinu (Chief Operating Officer) sold 54,000 shares at $2.00 per share price.Also, On Jun 14, 2016, Frank Schneider (director) sold 12,500 shares at $2.00 per share price.On Jun 14, 2016, Darren Ma (Vice President and CFO) sold 25,000 shares at $2.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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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