Needham & Company LLC Reiterates "Hold" Rating for Sigma Designs (SIGM)

Elias Hubbard
January 27, 2018

Zacks Investment Research lowered Sigma Designs from a "hold" rating to a "sell" rating in a report on Friday, September 15th. Craig Hallum lowered Sigma Designs from a "buy" rating to a "hold" rating in a report on Friday, December 8th. Finally, Parametric Portfolio Associates LLC grew its position in shares of Sigma Designs by 97.4% during the 2nd quarter. ValuEngine upgraded Sigma Designs from a "sell" rating to a "hold" rating in a research note on Saturday, December 9th.

Analysts on average have given a price target of $7.05 to Sigma Designs, Inc.

The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc.) made by the brokerage firms for the given stock. The most optimistic analyst sees the stock reaching $7.05 while the most conventional predicts the target price at $7.05.

Previously Sigma Designs Inc (NASDAQ:SIGM) reported $-0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.15 by $-0.1.

Sigma Designs Inc (NASDAQ:SIGM) 52-week high price stands at $7.00 and low price stands at $5.40, its price distance from 52-week high is -17.86% while its distance from 52-week low price is 6.48%.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.

Sigma Designs (NASDAQ:SIGM) last issued its earnings results on Thursday, December 7th. The Return on Equity ratio of Sigma Designs, Inc. The business had revenue of $33.86 million for the quarter, compared to the consensus estimate of $38.70 million.

Several institutional investors have recently modified their holdings of the company. Total debt to equity ratio of Sigma Designs Inc (NASDAQ:SIGM) for most recent quarter is 0 whereas long term debt to equity ratio for most recent quarter is 0. Rhumbline Advisers now owns 46,022 shares of the semiconductor company's stock valued at $269,000 after buying an additional 2,026 shares in the last quarter. Voya Investment Management LLC grew its position in Sigma Designs by 26.2% in the 2nd quarter. The Manufacturers Life Insurance Company raised its stake in Sigma Designs by 18.7% during the second quarter. The Manufacturers Life Insurance Company now owns 35,550 shares of the semiconductor company's stock worth $208,000 after purchasing an additional 5,611 shares during the last quarter. Top Ace Asset Management Ltd bought a new stake in Sigma Designs during the second quarter worth approximately $7,691,000. Bank of New York Mellon Corp now owns 156,553 shares of the semiconductor company's stock worth $916,000 after acquiring an additional 8,072 shares during the period. Sii Investments Inc. WI bought a new position in shares of Sigma Designs during the 3rd quarter worth $151,000. Global X MANAGEMENT CO LLC now owns 29,314 shares of the semiconductor company's stock worth $185,000 after acquiring an additional 11,556 shares during the period. The New York-based Boothbay Fund Management Llc has invested 0.04% in the stock.

TRADEMARK VIOLATION WARNING: "Needham & Company LLC Reiterates "Hold" Rating for Sigma Designs (SIGM)" was first published by The Lincolnian Online and is owned by of The Lincolnian Online.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. Past 5 years growth of Sigma Designs Inc (NASDAQ:SIGM) observed at 28.67%, looking forward for the next 5 years it has a strong prediction of 15% over growth. The Company's media connectivity product line comprises wired home networking controller chipsets that provide connectivity solutions between various home entertainment products and incoming video streams.

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