Somewhat Positive Media Coverage Somewhat Unlikely to Impact Sigma Designs (SIGM) Stock Price

Media stories about Sigma Designs (NASDAQ:SIGM) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sigma Designs earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 44.9259954688683 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Sigma Designs (NASDAQ:SIGM) remained flat at $$6.97 on Friday. The company’s stock had a trading volume of 227,644 shares, compared to its average volume of 1,050,000. The stock has a market cap of $270.22, a P/E ratio of -4.84 and a beta of 1.08. Sigma Designs has a 52-week low of $5.40 and a 52-week high of $7.00.

Sigma Designs (NASDAQ:SIGM) last announced its earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm 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 brokerages recently commented on SIGM. Zacks Investment Research upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Benchmark reiterated a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. ValuEngine upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Lake Street Capital downgraded shares of Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 target price on the stock. in a report on Friday, December 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.53.

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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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