Sigma Designs Inc (SIGM) Releases Earnings Results, Beats Expectations By $0.06 EPS

Sigma Designs Inc (SIGM) announced its most recent quarterly financial results on Tuesday, Sep-6-2016. SIGM said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.01. The company posted revenue of $61.32 million in the period, compared to analysts expectations of $61.19 million. SIGM’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 opened for trading at $7.48 and hit $7.68 on the upside on Thursday, eventually ending the session at $7.64, with a gain of 1.73% or 0.13 points. The heightened volatility saw the trading volume jump to 2,58,501 shares. Company has a market cap of $283 M.

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.

Sigma Designs Inc

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