Headlines about Sigma Designs (NASDAQ:SIGM) have trended somewhat positive on Friday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sigma Designs earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.3172237396006 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Sigma Designs (SIGM) traded up 0.81% on Friday, reaching $6.20. The company’s stock had a trading volume of 97,364 shares. The stock’s market cap is $236.82 million. The company’s 50 day moving average price is $6.18 and its 200-day moving average price is $6.10. Sigma Designs has a 12-month low of $5.20 and a 12-month high of $8.60.
Sigma Designs (NASDAQ:SIGM) last released its quarterly earnings results on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.04. The firm had revenue of $39.60 million during the quarter, compared to analysts’ expectations of $39.50 million. Sigma Designs had a negative return on equity of 11.77% and a negative net margin of 12.15%. The business’s quarterly revenue was down 26.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.12) earnings per share. On average, equities analysts expect that Sigma Designs will post ($0.57) EPS for the current year.
Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research report on Wednesday, June 7th. Zacks Investment Research cut Sigma Designs from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $8.00 target price on shares of Sigma Designs in a research report on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Sigma Designs currently has a consensus rating of “Hold” and a consensus target price of $8.58.
In related news, major shareholder Soros Fund Management Llc bought 4,424 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average cost of $5.85 per share, for a total transaction of $25,880.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 1,029,368 shares of company stock worth $5,967,515 over the last quarter. 4.50% of the stock is owned by company insiders.
Sigma Designs Company Profile
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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