Sigma Designs, Inc. (SIGM) Set to Announce Quarterly Earnings on Tuesday
Sigma Designs, Inc. (NASDAQ:SIGM) will issue its quarterly earnings data after the market closes on Tuesday, September 5th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.
Sigma Designs (NASDAQ:SIGM) last posted its earnings results on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.04. The business had revenue of $39.60 million for the quarter, compared to the consensus estimate 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 revenue was down 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. On average, analysts expect Sigma Designs to post $-0.57 EPS for the current fiscal year and $-0.05 EPS for the next fiscal year.
Shares of Sigma Designs, Inc. (NASDAQ SIGM) opened at 6.20 on Tuesday. Sigma Designs, Inc. has a one year low of $5.20 and a one year high of $8.60. The stock has a 50 day moving average price of $6.23 and a 200-day moving average price of $6.10. The company’s market capitalization is $236.82 million.
SIGM has been the topic of several research analyst reports. Zacks Investment Research cut shares of Sigma Designs from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Robert W. Baird reiterated an “outperform” rating and set a $8.00 price target on shares of Sigma Designs in a research report on Wednesday, June 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a research report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.58.
In related news, major shareholder Soros Fund Management Llc purchased 400,000 shares of Sigma Designs stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $5.80 per share, for a total transaction of $2,320,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 1,029,368 shares of company stock worth $5,967,515 in the last quarter. 4.50% of the stock is owned by corporate insiders.
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About Sigma Designs
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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