Headlines about Sigma Designs (NASDAQ:SIGM) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sigma Designs earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.36146006341 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research firms recently issued reports on SIGM. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Friday, September 8th. Zacks Investment Research raised Sigma Designs from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Sigma Designs currently has an average rating of “Hold” and an average price target of $7.50.
Sigma Designs (NASDAQ:SIGM) traded down 0.413% during midday trading on Tuesday, reaching $6.025. The company had a trading volume of 49,745 shares. Sigma Designs has a 52-week low of $5.20 and a 52-week high of $8.35. The company’s 50 day moving average is $6.18 and its 200-day moving average is $6.16. The company’s market capitalization is $232.05 million.
Sigma Designs (NASDAQ:SIGM) last issued its earnings results on Thursday, September 7th. The semiconductor company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.04). The business had revenue of $39.50 million for the quarter, compared to the consensus estimate of $39.63 million. Sigma Designs had a negative return on equity of 18.73% and a negative net margin of 19.53%. The company’s quarterly revenue was down 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. Equities analysts expect that Sigma Designs will post ($0.78) earnings per share for the current fiscal year.
In other Sigma Designs news, major shareholder Soros Fund Management Llc bought 7,210 shares of Sigma Designs stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average cost of $5.83 per share, for a total transaction of $42,034.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 104,958 shares of company stock valued at $613,553 over the last 90 days. 4.50% of the stock is currently owned by 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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