Sigma Designs Inc (SIGM) was Downgraded by BWS Financial to ” Sell”. Earlier the firm had a rating of “Hold ” on the company shares. BWS Financial advised their investors in a research report released on Sep 8, 2016.
On the company’s financial health, Sigma Designs Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Sep 6, 2016. Analyst had a consensus of $0.01. The company had revenue of $61.32 million for the quarter, compared to analysts expectations of $61.19 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Sigma Designs Inc closed down -0.63 points or -7.59% at $7.67 with 1,263,213 shares getting traded on Wednesday. Post opening the session at $7.91, the shares hit an intraday low of $7.3848 and an intraday high of $7.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jan 7, 2016, Elias Nader (Chief Financial Officer) sold 976 shares at $6.20 per share price. According to the SEC, on Dec 3, 2015, Thinh Q Tran (President & CEO) sold 50,000 shares at $8.65 per share price. On Jan 5, 2015, Sal Cobar-estrada (VP World Sales) sold 2,761 shares at $7.05 per share price, according to the Form-4 filing with the securities and exchange commission.
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.