Sigma Designs Inc. (NASDAQ:SIGM)’s share price shot up 1.7% during trading on Thursday . The company 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 equities research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $13.00 price objective on shares of Sigma Designs in a research note on Wednesday, June 29th. Zacks Investment Research cut shares of Sigma Designs from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $10.00 target price (down from $12.00) on shares of Sigma Designs in a report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $10.82.

The firm’s market cap is $239.75 million. The stock’s 50 day moving average price is $6.81 and its 200-day moving average price is $6.61.

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

A hedge fund recently bought a new stake in Sigma Designs stock. Royce & Associates LLC acquired a new stake in Sigma Designs Inc. (NASDAQ:SIGM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,336,697 shares of the company’s stock, valued at approximately $8,448,000. Royce & Associates LLC owned about 3.71% of Sigma Designs as of its most recent filing with the SEC.

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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