GigPeak Inc (NYSE:GIG) is set to release its Q316 earnings data on Monday, October 17th. Analysts expect GigPeak to post earnings of $0.04 per share and revenue of $15.52 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
GigPeak (NYSE:GIG) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $15.40 million for the quarter, compared to analysts’ expectations of $15.21 million. During the same period in the previous year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. On average, analysts expect GigPeak to post $0.18 EPS for the current fiscal year and $0.21 EPS for the next fiscal year.
GigPeak Inc (NYSE:GIG) opened at 2.65 on Friday. GigPeak Inc has a 12 month low of $1.63 and a 12 month high of $3.42. The stock has a market capitalization of $178.77 million and a P/E ratio of 98.15. The firm’s 50-day moving average is $2.26 and its 200 day moving average is $2.31.
A number of brokerages recently issued reports on GIG. B. Riley reiterated a “buy” rating and issued a $4.50 target price on shares of GigPeak in a research report on Monday, July 25th. TheStreet raised shares of GigPeak from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.50 price objective on shares of GigPeak in a research note on Wednesday, June 29th. Zacks Investment Research lowered shares of GigPeak from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $3.00 price objective on shares of GigPeak in a research note on Thursday, September 15th. Twelve investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $3.87.
Several hedge funds have recently made changes to their positions in the stock. TFS Capital LLC raised its stake in shares of GigPeak by 49.3% in the second quarter. TFS Capital LLC now owns 84,747 shares of the company’s stock worth $166,000 after buying an additional 27,992 shares during the last quarter. Bridgeway Capital Management Inc. raised its stake in shares of GigPeak by 14.6% in the second quarter. Bridgeway Capital Management Inc. now owns 397,450 shares of the company’s stock worth $779,000 after buying an additional 50,550 shares during the last quarter. Teachers Advisors Inc. purchased a new stake in shares of GigPeak during the second quarter worth approximately $141,000. BlackRock Investment Management LLC raised its stake in shares of GigPeak by 3,132.1% in the second quarter. BlackRock Investment Management LLC now owns 193,184 shares of the company’s stock worth $379,000 after buying an additional 187,207 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of GigPeak during the second quarter worth approximately $556,000.
GigPeak, Inc, formerly GigOptix, Inc 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.
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