Zacks Investment Research announced Sigma Designs Inc (NASDAQ:SIGM), boosting its stock price target to $8.50 today
- Updated: October 15, 2016
In a report released on 10/12/2016 Zacks Investment Research bumped up the target of Sigma Designs Inc (NASDAQ:SIGM) to $8.50 stating a potential upside of 0.11%.
Boasting a price of $7.65, Sigma Designs Inc (NASDAQ:SIGM) traded -0.27% lower on the day. With the last stock price close up 6.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Sigma Designs Inc has recorded a 50-day average of $7.86 and a two hundred day average of $7.00. Volume of trade was down over the average, with 120,952 shares of SIGM changing hands under the typical 324,091
With a total market value of $0, Sigma Designs Inc has with a one year low of $5.41 and a one year high of $10.19 .
A total of 6 analysts have released a report on Sigma Designs Inc. One analyst rating the company a strong buy, four analysts rating the company a buy, one firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $10.67.
About Sigma Designs Inc (NASDAQ:SIGM)
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. The Company's media processor product line consists of a range of functionally similar platforms that are based on integrated chips, embedded software and hardware reference designs. The Company's media connectivity product line consists of wired home networking controller chipsets that are designed to provide connectivity solutions between various home entertainment products and incoming video streams. The Company's IoT devices product line consists of its wireless Z-Wave chips and modules. The Company is engaged in the license of its internally developed intellectual property. It also offers legacy products that are sold into prosumer and other industrial applications.
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