Headlines about Sigma Designs (NASDAQ:SIGM) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sigma Designs earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 47.6426877055842 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Sigma Designs in a report on Wednesday, January 24th. ValuEngine raised Sigma Designs from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. 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. Benchmark reaffirmed a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. Finally, Craig Hallum cut Sigma Designs from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Sigma Designs currently has a consensus rating of “Hold” and a consensus target price of $7.53.
Shares of Sigma Designs (NASDAQ SIGM) traded down $0.15 during trading hours on Friday, hitting $6.00. The stock had a trading volume of 584,014 shares, compared to its average volume of 226,811. Sigma Designs has a twelve month low of $5.40 and a twelve month high of $7.00. The stock has a market capitalization of $238.54, a P/E ratio of -4.17 and a beta of 0.76.
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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