Sigma Designs Inc. (SIGM) Sees Strong Trading Volume
Shares of Sigma Designs Inc. (NASDAQ:SIGM) saw an uptick in trading volume on Friday . 349,424 shares were traded during mid-day 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 brokerages have recently issued reports on SIGM. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Sigma Designs in a research note on Wednesday, June 29th. Zacks Investment Research upgraded shares of Sigma Designs from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $10.00 target price on shares of Sigma Designs in a research note on Tuesday, June 7th. Two investment 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 company. The company has a consensus rating of “Buy” and an average price target of $10.82.
The firm’s 50-day moving average price is $6.87 and its 200 day moving average price is $6.78. The company’s market cap is $279.33 million.
Sigma Designs (NASDAQ:SIGM) last announced its quarterly earnings data on Monday, June 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.07. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $53.90 million. During the same period last year, the firm earned $0.09 EPS. Sigma Designs’s quarterly revenue was down 3.8% compared to the same quarter last year. Analysts expect that Sigma Designs Inc. will post $0.03 EPS 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.