Sigma Designs (SIGM) has an average broker rating of 2, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Sigma Designs (SIGM) : Average target price received by Sigma Designs (SIGM) is $8.75 with an expected standard deviation of $2.25. The most aggressive target on the stock is $12, whereas the most downbeat target is $6. 4 financial analysts are currently covering the stock.
Also, BWS Financial downgrades their rating on the shares of Sigma Designs (NASDAQ:SIGM). The current rating of the shares is Sell. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on September 8, 2016.
Sigma Designs (NASDAQ:SIGM): After opening at $8.15, the stock dipped to an intraday low of $8.11 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.6 and the buying power remained strong till the end. The stock closed at $8.38 for the day, a gain of 3.46% for the day session. The total traded volume was 702,912. The stocks close on the previous trading day was $8.1.
Sigma Designs, Inc. is a provider of global integrated semiconductor solutions. The Company offers intelligent media platforms for use in the home entertainment and home control markets. It sells its products into four primary markets: smart television, media connectivity, set-top box and Internet of things (IoT) devices. Its products include Media Processor, Media Connectivity Controllers, IoT Devices, and License Arrangements and Other Products. Smart television products consist of a range of platforms that are based on integrated chips, embedded software and hardware reference designs. Media connectivity products consist of wired home networking controller chipsets that are designed to provide connectivity solutions between various home entertainment products and incoming video streams. Set-top box products consist of connected media processors and players. IoT devices consist of its wireless Z-Wave chipsets and modules.