News articles about Sigma Designs (NASDAQ:SIGM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sigma Designs earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.0868749638291 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Sigma Designs (SIGM) opened at $5.70 on Tuesday. Sigma Designs has a twelve month low of $5.20 and a twelve month high of $7.75.
Sigma Designs (NASDAQ:SIGM) last released its quarterly earnings results on Thursday, September 7th. The semiconductor company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.04). Sigma Designs had a negative return on equity of 18.73% and a negative net margin of 19.53%. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $39.63 million. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was down 35.6% compared to the same quarter last year. research analysts forecast that Sigma Designs will post -0.92 earnings per share for the current year.
Several equities research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Sigma Designs presently has an average rating of “Hold” and an average target price of $7.50.
In other news, major shareholder Soros Fund Management Llc purchased 32,123 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $5.82 per share, for a total transaction of $186,955.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have purchased 104,958 shares of company stock worth $613,553. 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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