Sigma Designs Inc. (NASDAQ:SIGM) shares rose 1.7% during trading on Thursday . The stock traded as high as $6.54 and last traded at $6.44, with a volume of 136,643 shares traded. The stock had previously closed at $6.33.

A number of research analysts have recently issued reports on SIGM shares. Zacks Investment Research raised Sigma Designs from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Saturday, March 12th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Sigma Designs in a research note on Tuesday, June 7th. Finally, Robert W. Baird reissued a “buy” rating and issued a $10.00 price objective on shares of Sigma Designs in a research note on Tuesday, June 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $10.82.

The stock’s market capitalization is $250.11 million. The company’s 50 day moving average price is $6.82 and its 200 day moving average price is $6.61.

Sigma Designs (NASDAQ:SIGM) last issued its quarterly earnings data on Monday, June 6th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The business had revenue of $53.80 million for the quarter, compared to analyst estimates of $53.90 million. Sigma Designs’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. On average, equities research analysts anticipate that Sigma Designs Inc. will post $0.03 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Sigma Designs stock. Systematic Financial Management LP raised its stake in shares of Sigma Designs Inc. (NASDAQ:SIGM) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,638,960 shares of the company’s stock after buying an additional 139,319 shares during the period. Systematic Financial Management LP owned 4.55% of Sigma Designs worth $10,358,000 as of its most recent SEC filing.

Sigma Designs, Inc is a provider of global integrated semiconductor solutions. The Company offers intelligent media platforms for use in the home entertainment and home control markets. It sells its products into four primary markets: smart television, media connectivity, set-top box and Internet of things (IoT) devices.

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