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A statement released earlier today by Zacks Investment Research about GigPeak Inc (NYSE:GIG) raises the target price to $2.50

Displaying a price of $2.33, GigPeak Inc (NYSE:GIG) traded 2.19% higher on the day. With the last stock price up 0.69% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $2.06 and a two hundred day average of $2.31. Trade Volume was down over the average, with 554,864 shares of GIG changing hands under the typical 679,805

Zacks Investment Research upped the price target of GigPeak Inc (NYSE:GIG) to $2.50 reporting a potential upside of 0.07%.

See Chart Below

GigPeak Inc (NYSE:GIG)

GigPeak Inc has a P/E ratio of 86.30 with a 52 week low of $1.63 and a one year high of $3.42 GigPeak Inc’s market capitalization is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 8 firms have issued a report on the stock. The 12-month price target is $4.19 with zero equity analysts rating the company a strong buy, eight analysts rating the company a buy, 0 firms rating the company a hold, zero brokers rating the stock a underperform, and finally zero analysts rating the company a sell.

Brief Synopsis On GigPeak Inc (NYSE:GIG)

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. The Company's product portfolio provides solutions in markets, such as fiber-optics telecom, wireless backhaul, data communication and consumer electronics, mil-aero, instrumentation and medical equipment for applications, such as linecards and transponders, active optical cables and pluggables, point-to-point wireless radios, military electronic warfare systems, avionics electronics, global positioning system (GPS) systems and diverse medical equipment, such as ultrasound imaging, X-Ray, magnetic resonance imaging (MRI), computed tomography (CT) scan and defibrillators.

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