Sigma Designs Inc. (NASDAQ:SIGM) has received a consensus rating of “Hold” from the five research firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.38.

A number of research analysts have recently commented on SIGM shares. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Sigma Designs in a report on Wednesday, September 7th. Zacks Investment Research upgraded Sigma Designs from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Wednesday, October 12th. BWS Financial lowered Sigma Designs from a “hold” rating to a “sell” rating and set a $6.00 price target for the company. in a report on Thursday, September 8th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $9.00 price target (down from $10.00) on shares of Sigma Designs in a report on Wednesday, September 7th.

Sigma Designs (NASDAQ:SIGM) opened at 8.25 on Monday. The firm’s market cap is $309.01 million. The stock’s 50 day moving average is $7.68 and its 200 day moving average is $7.20. Sigma Designs has a one year low of $5.41 and a one year high of $9.08.

Sigma Designs (NASDAQ:SIGM) last announced its earnings results on Tuesday, September 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm earned $61.30 million during the quarter. Sigma Designs had a negative return on equity of 1.31% and a negative net margin of 4.20%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. On average, equities research analysts expect that Sigma Designs will post $0.04 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Sigma Designs during the third quarter worth approximately $110,000. KCG Holdings Inc. purchased a new position in shares of Sigma Designs during the second quarter worth approximately $114,000. Genesee Valley Trust Co. raised its position in shares of Sigma Designs by 7.5% in the second quarter. Genesee Valley Trust Co. now owns 20,815 shares of the company’s stock worth $134,000 after buying an additional 1,455 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Sigma Designs by 11.0% in the third quarter. BlackRock Advisors LLC now owns 18,130 shares of the company’s stock worth $141,000 after buying an additional 1,800 shares during the last quarter. Finally, PEAK6 Investments L.P. raised its position in shares of Sigma Designs by 126.1% in the second quarter. PEAK6 Investments L.P. now owns 22,943 shares of the company’s stock worth $148,000 after buying an additional 12,794 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

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.

5 Day Chart for NASDAQ:SIGM

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