ValuEngine upgraded shares of Sigma Designs (NASDAQ:SIGM) from a sell rating to a hold rating in a research note released on Saturday morning.

SIGM has been the subject of several other research reports. Zacks Investment Research raised Sigma Designs from a sell rating to a hold rating in a research note on Thursday, November 9th. Benchmark reaffirmed a hold rating on shares of Sigma Designs in a research note on Friday. Lake Street Capital cut Sigma Designs from a buy rating to a hold rating and set a $7.05 target price for the company. in a research note on Friday. Needham & Company LLC reaffirmed a hold rating on shares of Sigma Designs in a research note on Friday, September 8th. Finally, Craig Hallum cut Sigma Designs from a buy rating to a hold rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $7.53.

Sigma Designs (SIGM) opened at $6.92 on Friday. Sigma Designs has a 52 week low of $5.40 and a 52 week high of $6.95.

Sigma Designs (NASDAQ:SIGM) last announced its earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.18). Sigma Designs had a negative net margin of 35.55% and a negative return on equity of 30.17%. The firm had revenue of $33.86 million for the quarter, compared to the consensus estimate of $38.70 million. equities research analysts expect that Sigma Designs will post -0.92 EPS for the current year.

In related news, major shareholder Soros Fund Management Llc purchased 32,123 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $5.82 per share, for a total transaction of $186,955.86. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC acquired a new position in shares of Sigma Designs in the 3rd quarter valued at $256,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Sigma Designs in the 3rd quarter valued at $5,314,000. Royce & Associates LP boosted its position in shares of Sigma Designs by 25.6% in the 3rd quarter. Royce & Associates LP now owns 992,825 shares of the semiconductor company’s stock valued at $6,255,000 after purchasing an additional 202,218 shares during the period. Sii Investments Inc. WI acquired a new position in shares of Sigma Designs in the 3rd quarter valued at $151,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Sigma Designs by 61.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 78,958 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 30,200 shares during the period. Institutional investors and hedge funds own 63.64% of the company’s stock.

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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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Analyst Recommendations for Sigma Designs (NASDAQ:SIGM)

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