Needham & Company Gives Hold Rating to Sigma Designs (SIGM)

By admin | 6 years ago

Sigma Designs (NASDAQ: SIGM)‘s stock had its “hold” rating reiterated by investment analysts at Needham & Company in a note issued to investors on Tuesday.

Shares of Sigma Designs traded up 1.54% during mid-day trading on Tuesday, hitting $5.92. Sigma Designs has a one year low of $4.65 and a one year high of $8.88. The company’s market cap is $193.3 million.

Sigma Designs last issued its quarterly earnings data on Wednesday, May 23rd. The company reported ($0.26) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.34) by $0.08. Sigma Designs’s revenue was down 33.5% compared to the same quarter last year. On average, analysts predict that Sigma Designs will post $-0.20 earnings per share next quarter.

Sigma Designs, Inc. is a fabless provider of system-on-chip (SoS) solutions, which are used to deliver multimedia entertainment throughout the home.

About the author