A number of other analysts have also issued reports on SIGM. Robert W. Baird restated an outperform rating and issued a $8.00 price target on shares of Sigma Designs in a research note on Wednesday, June 7th. Zacks Investment Research upgraded shares of Sigma Designs from a sell rating to a hold rating in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $7.70.
Sigma Designs (NASDAQ SIGM) opened at 6.05 on Friday. The company has a 50 day moving average of $6.27 and a 200-day moving average of $6.09. Sigma Designs has a 52-week low of $5.20 and a 52-week high of $8.60. The stock’s market capitalization is $231.09 million.
Sigma Designs (NASDAQ:SIGM) last issued its quarterly earnings results on Thursday, September 7th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $39.50 million during the quarter, compared to the consensus estimate of $39.63 million. Sigma Designs had a negative return on equity of 18.73% and a negative net margin of 19.53%. The firm’s quarterly revenue was down 35.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Equities research analysts anticipate that Sigma Designs will post ($0.57) EPS for the current year.
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In other Sigma Designs news, major shareholder Soros Fund Management Llc bought 44,505 shares of the stock in a transaction on Tuesday, July 11th. The stock was purchased at an average price of $5.61 per share, for a total transaction of $249,673.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have acquired 629,368 shares of company stock valued at $3,647,515. 4.50% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in Sigma Designs during the second quarter valued at $101,000. Ameriprise Financial Inc. bought a new stake in Sigma Designs during the second quarter valued at $102,000. Global X Management Co. LLC increased its stake in Sigma Designs by 30.5% during the second quarter. Global X Management Co. LLC now owns 17,758 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 4,151 shares during the last quarter. Voya Investment Management LLC increased its stake 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 during the last quarter. Finally, American International Group Inc. increased its stake in Sigma Designs by 7.1% during the first quarter. American International Group Inc. now owns 22,075 shares of the semiconductor company’s stock valued at $138,000 after purchasing an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 61.45% of the company’s stock.
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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