Sigma Designs Director Eric Singer Sells 212,207 Shares (SIGM)
Sigma Designs (NASDAQ:SIGM) Director Eric Singer sold 212,207 shares of Sigma Designs stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $5.82, for a total value of $1,235,044.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SIGM has been the subject of a number of recent research reports. 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.
Shares of Sigma Designs (NASDAQ:SIGM) traded down 0.35% on Wednesday, hitting $5.74. The stock had a trading volume of 229,812 shares. Sigma Designs has a 52 week low of $4.30 and a 52 week high of $6.78. The stock has a 50-day moving average of $5.39 and a 200-day moving average of $5.05. The company’s market cap is $196.6 million.
Sigma Designs (NASDAQ:SIGM) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was down 21.2% on a year-over-year basis. 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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