ValuEngine upgraded shares of Sigma Designs (NASDAQ:SIGM) from a sell rating to a hold rating in a research report report published on Sunday.

SIGM has been the topic of a number of other research reports. Zacks Investment Research raised shares of Sigma Designs from a sell rating to a hold rating in a report on Thursday, November 9th. Benchmark reaffirmed a hold rating on shares of Sigma Designs in a report on Friday, December 8th. Lake Street Capital cut shares of Sigma Designs from a buy rating to a hold rating and set a $7.05 price objective on the stock. in a report on Friday, December 8th. Needham & Company LLC reaffirmed a hold rating on shares of Sigma Designs in a report on Friday, September 8th. Finally, Craig Hallum cut shares of Sigma Designs from a buy rating to a hold rating in a report on Friday, December 8th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $7.53.

Shares of Sigma Designs (SIGM) remained flat at $$6.95 during trading hours on Friday. The company’s stock had a trading volume of 333,000 shares, compared to its average volume of 338,410. The company has a market capitalization of $269.57, a price-to-earnings ratio of -4.83 and a beta of 1.08. Sigma Designs has a fifty-two week low of $5.40 and a fifty-two week high of $7.00.

Sigma Designs (NASDAQ:SIGM) last released its quarterly earnings data on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $38.70 million. equities research analysts forecast that Sigma Designs will post -0.92 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Menta Capital LLC grew its position in Sigma Designs by 115.6% in the 2nd quarter. Menta Capital LLC now owns 168,888 shares of the semiconductor company’s stock valued at $988,000 after buying an additional 90,548 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in Sigma Designs in the 3rd quarter valued at about $5,314,000. Royce & Associates LP grew its position in Sigma Designs by 24.4% in the 2nd quarter. Royce & Associates LP now owns 790,607 shares of the semiconductor company’s stock valued at $4,625,000 after buying an additional 155,200 shares in the last quarter. Ironwood Investment Management LLC grew its position in Sigma Designs by 205.8% in the 3rd quarter. Ironwood Investment Management LLC now owns 97,058 shares of the semiconductor company’s stock valued at $611,000 after buying an additional 65,324 shares in the last quarter. Finally, State Street Corp grew its position in Sigma Designs by 10.4% in the 2nd quarter. State Street Corp now owns 607,081 shares of the semiconductor company’s stock valued at $3,553,000 after buying an additional 57,300 shares in the last quarter. Hedge funds and other institutional investors own 63.19% of the company’s stock.

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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.

Analyst Recommendations for Sigma Designs (NASDAQ:SIGM)

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