Sigma Designs Inc. (NASDAQ:SIGM) traded down 4.7% on Thursday . The company traded as low as $6.69 and last traded at $6.72, with a volume of 232,116 shares changing hands. The stock had previously closed at $7.05.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Sigma Designs from a “buy” rating to a “hold” rating in a report on Thursday, March 31st. Robert W. Baird reiterated a “buy” rating and set a $10.00 price target on shares of Sigma Designs in a research note on Tuesday, June 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Sigma Designs in a research note on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Sigma Designs presently has an average rating of “Buy” and an average price target of $10.82.

The company’s market capitalization is $249.00 million. The company’s 50 day moving average is $6.80 and its 200 day moving average is $6.64.

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

An institutional investor recently raised its position in Sigma Designs stock. Systematic Financial Management LP increased its stake in shares of Sigma Designs Inc. (NASDAQ:SIGM) by 9.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 approximately 4.55% of Sigma Designs worth $10,358,000 at the end of the most recent reporting period.

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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