Somewhat Positive News Coverage Somewhat Unlikely to Impact Sigma Designs (SIGM) Stock Price
Media coverage about Sigma Designs (NASDAQ:SIGM) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sigma Designs earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 47.0393220364591 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s analysis:
- Sigma Designs, Inc. (SIGM) Major Shareholder Buys $42,034.30 in Stock (americanbankingnews.com)
- BRIEF-Sigma Designs reports Q2 non-GAAP loss per share $0.23 (reuters.com)
- EARNINGS SUMMARY: Details of Sigma Designs Inc. Q2 Earnings Report (rttnews.com)
- Sigma Designs, Inc. (SIGM) Given Hold Rating at Needham & Company LLC (americanbankingnews.com)
- Sigma Designs, Inc. Reports Second Quarter Fiscal Year 2018 Financial Results (finance.yahoo.com)
Sigma Designs (NASDAQ:SIGM) opened at 5.90 on Wednesday. Sigma Designs has a 12 month low of $5.20 and a 12 month high of $8.60. The stock’s market capitalization is $225.36 million. The firm’s 50-day moving average is $6.27 and its 200 day moving average is $6.08.
Sigma Designs (NASDAQ:SIGM) last posted its quarterly earnings results on Thursday, September 7th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.04). The company had revenue of $39.50 million during the quarter, compared to analyst estimates of $39.63 million. Sigma Designs had a negative net margin of 19.53% and a negative return on equity of 18.73%. The company’s revenue was down 35.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. On average, equities analysts anticipate that Sigma Designs will post ($0.81) earnings per share for the current year.
Several research analysts have issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Sigma Designs in a research report on Friday, September 8th. Zacks Investment Research raised shares of Sigma Designs from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Robert W. Baird reissued an “outperform” rating and set a $8.00 price objective on shares of Sigma Designs in a research report on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Sigma Designs has a consensus rating of “Hold” and a consensus target price of $7.70.
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In other Sigma Designs news, major shareholder Soros Fund Management Llc bought 4,424 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $5.85 per share, with a total value of $25,880.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 636,578 shares of company stock worth $3,689,549 over the last three months. 4.50% of the stock is owned by corporate insiders.
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.
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