Sigma Designs (SIGM) Earning Somewhat Positive News Coverage, Study Finds

Media coverage about Sigma Designs (NASDAQ:SIGM) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to 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 gave news coverage about the semiconductor company an impact score of 44.9041055175581 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Sigma Designs (SIGM) remained flat at $$6.97 during mid-day trading on Monday. The company’s stock had a trading volume of 227,600 shares, compared to its average volume of 463,911. Sigma Designs has a 12 month low of $5.40 and a 12 month high of $7.00. The company has a market capitalization of $270.54, a price-to-earnings ratio of -4.84 and a beta of 1.08.

Sigma Designs (NASDAQ:SIGM) last posted its quarterly earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.18). The business had revenue of $33.86 million during the quarter, compared to the consensus estimate of $38.70 million. Sigma Designs had a negative return on equity of 30.17% and a negative net margin of 35.55%.

Several equities analysts recently issued reports on the stock. Craig Hallum downgraded shares of Sigma Designs from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Needham & Company LLC reissued a “hold” rating on shares of Sigma Designs in a research report on Thursday, October 12th. ValuEngine raised shares of Sigma Designs from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Lake Street Capital lowered shares of Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 price target for the company. in a report on Friday, December 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.53.

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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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