Sigma Designs Inc. (NASDAQ:SIGM) traded up 2.7% during trading on Tuesday . The stock traded as high as $7.72 and last traded at $7.70, with a volume of 192,018 shares trading hands. The stock had previously closed at $7.50.

Several equities research analysts have commented on the stock. Robert W. Baird reiterated a “buy” rating and issued a $10.00 price objective on shares of Sigma Designs in a research note on Tuesday, June 7th. Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Sigma Designs in a research note on Tuesday, June 7th. Finally, Zacks Investment Research lowered shares of Sigma Designs from a “hold” rating to a “strong sell” rating in a research note on Friday, June 10th. 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 company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.82.

The firm’s market capitalization is $281.92 million. The firm’s 50-day moving average price is $6.94 and its 200-day moving average price is $6.83.

Sigma Designs (NASDAQ:SIGM) last posted its quarterly earnings data on Monday, June 6th. The company reported ($0.12) 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 analyst estimates 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 prior year, the firm earned $0.09 earnings per share. Equities research analysts predict that Sigma Designs Inc. will post $0.03 earnings per share for the current fiscal 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.

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