Shares of Sigma Designs Inc. (NASDAQ:SIGM) fell 2.1% on Thursday . The company traded as low as $6.76 and last traded at $6.85, with a volume of 247,761 shares traded. The stock had previously closed at $7.00.

A number of research firms have weighed in on SIGM. Robert W. Baird reiterated a “buy” rating and issued a $10.00 target price on shares of Sigma Designs in a research note on Tuesday, June 7th. Zacks Investment Research upgraded Sigma Designs from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Sigma Designs in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $10.82.

The firm’s 50 day moving average price is $6.72 and its 200 day moving average price is $6.73. The company’s market cap is $256.03 million.

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

A hedge fund recently raised its stake in Sigma Designs stock. Systematic Financial Management LP increased its position in Sigma Designs Inc. (NASDAQ:SIGM) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 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 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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