ValuEngine Upgrades Sigma Designs (SIGM) to Hold

ValuEngine upgraded shares of Sigma Designs (NASDAQ:SIGM) from a sell rating to a hold rating in a research note issued to investors on Saturday.

SIGM has been the subject of a number of other reports. Needham & Company LLC reissued a hold rating on shares of Sigma Designs in a research note on Friday, September 8th. Zacks Investment Research lowered Sigma Designs from a hold rating to a sell rating in a research note on Friday, September 15th. Craig Hallum lowered Sigma Designs from a buy rating to a hold rating in a research note on Friday, December 8th. Benchmark reissued a hold rating on shares of Sigma Designs in a research note on Friday, December 8th. Finally, Lake Street Capital lowered Sigma Designs from a buy rating to a hold rating and set a $7.05 price target for the company. in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $7.53.

Shares of Sigma Designs (SIGM) opened at $6.97 on Friday. Sigma Designs has a 1 year low of $5.40 and a 1 year high of $7.00.

Sigma Designs (NASDAQ:SIGM) last released its earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the 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 business had revenue of $33.86 million for the quarter, compared to analysts’ expectations of $38.70 million. equities analysts predict that Sigma Designs will post -0.92 EPS for the current year.

In other news, major shareholder Soros Fund Management Llc purchased 65,625 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of $5.86 per share, with a total value of $384,562.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Sigma Designs in the 2nd quarter valued at approximately $101,000. Ameriprise Financial Inc. bought a new stake in shares of Sigma Designs in the 2nd quarter valued at approximately $102,000. Global X Management Co. LLC lifted its stake in shares of Sigma Designs by 30.5% in the 2nd 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 lifted its stake in shares of Sigma Designs by 26.2% in the 2nd 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, Sii Investments Inc. WI bought a new stake in shares of Sigma Designs in the 3rd quarter valued at approximately $151,000. 63.64% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sigma Designs (NASDAQ:SIGM)

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