Analysts Set Sigma Designs Inc (SIGM) Target Price at $7.53

Shares of Sigma Designs Inc (NASDAQ:SIGM) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.53.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a research report on Friday, December 8th. Lake Street Capital downgraded shares of Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 price target for the company. in a research report on Friday, December 8th. Benchmark reiterated a “hold” rating on shares of Sigma Designs in a research report on Friday, December 8th. Finally, Craig Hallum downgraded shares of Sigma Designs from a “buy” rating to a “hold” rating in a research report on Friday, December 8th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new position in Sigma Designs during the second quarter valued at approximately $102,000. Voya Investment Management LLC raised its position in Sigma Designs by 26.2% during the second quarter. Voya Investment Management LLC now owns 19,735 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 4,097 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Sigma Designs during the second quarter valued at approximately $150,000. Sii Investments Inc. WI acquired a new position in Sigma Designs during the third quarter valued at approximately $151,000. Finally, Parametric Portfolio Associates LLC raised its position in Sigma Designs by 97.4% during the second quarter. Parametric Portfolio Associates LLC now owns 26,235 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 12,947 shares in the last quarter. Institutional investors own 63.19% of the company’s stock.

Shares of Sigma Designs (NASDAQ SIGM) traded up $0.02 during trading hours on Friday, hitting $6.97. The stock had a trading volume of 979,097 shares, compared to its average volume of 491,978. Sigma Designs has a 12 month low of $5.40 and a 12 month high of $7.00. The company has a market capitalization of $270.22, a PE ratio of -4.84 and a beta of 1.08.

Sigma Designs (NASDAQ:SIGM) last issued its quarterly earnings data on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Sigma Designs had a negative return on equity of 30.17% and a negative net margin of 35.55%. The firm had revenue of $33.86 million for the quarter, compared to the consensus estimate of $38.70 million.

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About Sigma Designs

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.

Analyst Recommendations for Sigma Designs (NASDAQ:SIGM)

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