Insider Selling: Sigma Designs Director Unloads 62,185 Shares of Stock (SIGM)
Sigma Designs (NASDAQ:SIGM) Director Eric Singer unloaded 62,185 shares of Sigma Designs stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $5.91, for a total transaction of $367,513.35. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on SIGM. Analysts at BWS Financial upgraded shares of Sigma Designs (NASDAQ:SIGM) from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a $9.00 price target on the stock, up previously from $6.00. Analysts at Needham & Company raised their price target on shares of Sigma Designs (NASDAQ:SIGM) from $6.00 to $7.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
Sigma Designs (NASDAQ:SIGM) traded up 2.20% on Friday, hitting $6.49. 373,969 shares of the company’s stock traded hands. Sigma Designs has a 52 week low of $4.30 and a 52 week high of $6.78. The stock’s 50-day moving average is $5.24 and its 200-day moving average is $4.97. The company’s market cap is $221.4 million.
Sigma Designs (NASDAQ:SIGM) last announced its earnings results on Wednesday, September 4th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.05. The company had revenue of $53.76 million for the quarter, compared to the consensus estimate of $52.98 million. During the same quarter last year, the company posted ($0.12) earnings per share. Sigma Designs’s revenue was down 21.2% compared to the same quarter last year. On average, analysts predict that Sigma Designs will post $0.24 earnings per share for the current fiscal year.
Sigma Designs, Inc (NASDAQ:SIGM) is a provider of system-on-chip (SoC) solutions.
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