Sigma Designs Inc. (NASDAQ:SIGM) saw strong trading volume on Tuesday . 480,473 shares changed hands during mid-day trading, an increase of 86% from the previous session’s volume of 258,499 shares.The stock last traded at $6.71 and had previously closed at $6.69.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Sigma Designs from a “buy” rating to a “hold” rating in a research note on Thursday, March 31st. Robert W. Baird reissued a “buy” rating and issued a $10.00 price target on shares of Sigma Designs in a research note 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 research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.82.

The stock’s market capitalization is $248.26 million. The stock has a 50 day moving average of $6.73 and a 200-day moving average of $6.66.

Sigma Designs (NASDAQ:SIGM) last announced its quarterly earnings data 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. During the same quarter in the prior year, the company earned $0.09 earnings per share. The business had revenue of $53.80 million for the quarter, compared to the consensus estimate of $53.90 million. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts predict 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 purchased a new position in Sigma Designs Inc. (NASDAQ:SIGM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 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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