ValuEngine upgraded shares of Sigma Designs (NASDAQ:SIGM) from a sell rating to a hold rating in a report issued on Saturday, December 9th.
Several other research firms have also recently weighed in on SIGM. Needham & Company LLC reaffirmed a hold rating on shares of Sigma Designs in a research report on Thursday, October 12th. Zacks Investment Research raised Sigma Designs from a sell rating to a hold rating in a research report on Thursday, November 9th. Lake Street Capital cut Sigma Designs from a buy rating to a hold rating and set a $7.05 price target on the stock. in a research report on Friday, December 8th. Benchmark reissued a hold rating on shares of Sigma Designs in a research report on Friday, December 8th. Finally, Craig Hallum lowered shares of Sigma Designs from a buy rating to a hold rating in a report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $7.53.
Sigma Designs (SIGM) traded down $0.03 on Friday, hitting $6.92. The stock had a trading volume of 1,167,244 shares, compared to its average volume of 750,100. The stock has a market capitalization of $268.28, a P/E ratio of -4.81 and a beta of 1.09. Sigma Designs has a 1 year low of $5.40 and a 1 year high of $7.00.
Sigma Designs (NASDAQ:SIGM) last posted its earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.18). The business had revenue of $33.86 million during the quarter, compared to the consensus estimate of $38.70 million. Sigma Designs had a negative return on equity of 30.17% and a negative net margin of 35.55%. research analysts predict that Sigma Designs will post -0.92 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Strs Ohio bought a new position in Sigma Designs in the 2nd quarter worth $101,000. Ameriprise Financial Inc. bought a new position in Sigma Designs in the 2nd quarter worth $102,000. Global X Management Co. LLC boosted its holdings in Sigma Designs by 30.5% in the 2nd quarter. Global X Management Co. LLC now owns 17,758 shares of the semiconductor company’s stock worth $104,000 after buying an additional 4,151 shares during the period. Voya Investment Management LLC boosted its holdings in Sigma Designs by 26.2% in the 2nd quarter. Voya Investment Management LLC now owns 19,735 shares of the semiconductor company’s stock worth $115,000 after buying an additional 4,097 shares during the period. Finally, Alliancebernstein L.P. bought a new position in Sigma Designs in the 2nd quarter worth $150,000. 63.19% of the stock is owned by hedge funds and other institutional investors.
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Sigma Designs Company Profile
Sigma Designs, Inc is a provider of global integrated semiconductor solutions. The Company offers media platforms for use in the home entertainment and home control markets. The Company sells its products into markets, including smart television, media connectivity, set-top box and Internet of Things (IoT) devices.
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