Sigma Designs Inc. (NASDAQ:SIGM) Receives Average Rating of “Buy” from Analysts
Sigma Designs Inc. (NASDAQ:SIGM) has been given an average recommendation of “Buy” by the seven brokerages that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.79.
Several equities analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $13.00 price objective on shares of Sigma Designs in a report on Wednesday, June 29th. Zacks Investment Research raised Sigma Designs from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 10th. BWS Financial lowered Sigma Designs from a “hold” rating to a “sell” rating and set a $6.00 price objective for the company. in a report on Thursday, September 8th. Finally, Robert W. Baird reissued an “outperform” rating and set a $9.00 price objective (down from $10.00) on shares of Sigma Designs in a report on Wednesday, September 7th.
Sigma Designs (NASDAQ:SIGM) traded up 0.76% during mid-day trading on Monday, reaching $7.92. The company had a trading volume of 38,398 shares. The stock has a 50-day moving average of $7.77 and a 200 day moving average of $6.98. The company’s market capitalization is $296.65 million. Sigma Designs has a 12-month low of $5.41 and a 12-month high of $10.19.
Sigma Designs (NASDAQ:SIGM) last announced its quarterly earnings data on Tuesday, September 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Sigma Designs had a negative return on equity of 1.31% and a negative net margin of 4.20%. The business earned $61.30 million during the quarter. During the same period last year, the company posted $0.12 earnings per share. Sigma Designs’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts expect that Sigma Designs will post $0.04 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. KCG Holdings Inc. bought a new position in Sigma Designs during the second quarter worth approximately $114,000. Allianz Asset Management AG raised its stake in Sigma Designs by 7.2% in the second quarter. Allianz Asset Management AG now owns 283,809 shares of the company’s stock valued at $1,825,000 after buying an additional 19,125 shares in the last quarter. Coe Capital Management LLC acquired a new stake in Sigma Designs during the second quarter valued at about $417,000. Teachers Advisors Inc. raised its stake in Sigma Designs by 6.4% in the second quarter. Teachers Advisors Inc. now owns 54,555 shares of the company’s stock valued at $351,000 after buying an additional 3,290 shares in the last quarter. Finally, PEAK6 Investments L.P. raised its stake in Sigma Designs by 126.1% in the second quarter. PEAK6 Investments L.P. now owns 22,943 shares of the company’s stock valued at $148,000 after buying an additional 12,794 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.
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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