Sigma Designs Inc. (SIGM) Sees Large Volume Increase
Sigma Designs Inc. (NASDAQ:SIGM) saw an uptick in trading volume on Friday . 349,424 shares traded hands during trading, an increase of 52% from the previous session’s volume of 230,141 shares.The stock last traded at $7.44 and had previously closed at $7.08.
Several research firms have weighed in on SIGM. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Sigma Designs in a research note on Tuesday, June 7th. Robert W. Baird reaffirmed a “buy” rating and set a $10.00 target price on shares of Sigma Designs in a research note on Tuesday, June 7th. Finally, Zacks Investment Research cut Sigma Designs from a “hold” rating to a “strong sell” rating in a research note on Friday, June 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $10.82.
The company’s 50 day moving average is $6.90 and its 200 day moving average is $6.79. The stock’s market capitalization is $279.33 million.
Sigma Designs (NASDAQ:SIGM) last issued 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 firm earned $53.80 million during the quarter, compared to analyst estimates of $53.90 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts expect that Sigma Designs Inc. will post $0.03 earnings per share for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.