Shares of Sigma Designs Inc. (NASDAQ:SIGM) were 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. The stock had previously closed at $7.05.

A number of analysts recently weighed in on SIGM shares. Zacks Investment Research raised shares of Sigma Designs from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Friday, March 25th. Robert W. Baird reissued a “buy” rating and issued a $10.00 price target on shares of Sigma Designs in a report on Tuesday, June 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $13.00 price target on shares of Sigma Designs in a report on Tuesday, June 7th. One 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $10.82.

The stock’s 50 day moving average price is $6.77 and its 200 day moving average price is $6.65. The firm’s market capitalization is $250.48 million.

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

A hedge fund recently bought a new stake in Sigma Designs stock. Royce & Associates LLC purchased a new stake in shares of Sigma Designs Inc. (NASDAQ:SIGM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,336,697 shares of the company’s stock, valued at approximately $8,448,000. Royce & Associates LLC owned approximately 3.71% of Sigma Designs as of its most recent SEC filing.

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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