Shares of Sigma Designs Inc (NASDAQ:SIGM) have received a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.53.
SIGM has been the topic of a number of analyst reports. Craig Hallum downgraded Sigma Designs from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Benchmark restated a “hold” rating on shares of Sigma Designs in a research note on Friday, December 8th. Lake Street Capital cut Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 price objective for the company. in a report on Friday, December 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. Finally, ValuEngine raised Sigma Designs from a “sell” rating to a “hold” rating in a report on Saturday, December 9th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new position in shares of Sigma Designs in the second quarter worth $102,000. Two Sigma Securities LLC acquired a new position in shares of Sigma Designs in the fourth quarter worth $131,000. MetLife Investment Advisors LLC acquired a new position in shares of Sigma Designs in the fourth quarter worth $131,000. Voya Investment Management LLC raised its holdings in shares of Sigma Designs by 26.2% in the second quarter. Voya Investment Management LLC now owns 19,735 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 4,097 shares during the last quarter. Finally, DLD Asset Management LP acquired a new position in shares of Sigma Designs in the fourth quarter worth $139,000. 66.05% of the stock is owned by institutional investors.
Sigma Designs (NASDAQ:SIGM) traded up $0.05 during trading on Friday, hitting $6.15. The company had a trading volume of 245,981 shares, compared to its average volume of 558,186. Sigma Designs has a 12-month low of $5.40 and a 12-month high of $7.00. The stock has a market capitalization of $236.32, a P/E ratio of -4.24 and a beta of 0.76.
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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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