Somewhat Positive News Coverage Somewhat Unlikely to Affect Sigma Designs (SIGM) Share Price

Media coverage about Sigma Designs (NASDAQ:SIGM) has been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sigma Designs earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.2379932037291 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

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SIGM has been the topic of several research reports. Needham & Company LLC reissued a “hold” rating on shares of Sigma Designs in a research note on Wednesday, January 24th. ValuEngine raised Sigma Designs from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.53.

SIGM traded up $0.05 during mid-day trading on Friday, hitting $6.15. 85,106 shares of the stock were exchanged, compared to its average volume of 507,214. Sigma Designs has a 1-year low of $5.50 and a 1-year high of $7.00.

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About Sigma Designs

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.

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