Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Sigma Designs (SIGM) Stock Price

Media headlines about Sigma Designs (NASDAQ:SIGM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sigma Designs earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.2240404033759 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a report on Tuesday, April 24th. Six investment analysts have rated the stock with a hold rating, Sigma Designs currently has a consensus rating of “Hold” and an average target price of $7.05.

NASDAQ:SIGM traded down $0.01 during mid-day trading on Tuesday, hitting $0.26. 2,954,500 shares of the company traded hands, compared to its average volume of 552,780. Sigma Designs has a one year low of $0.18 and a one year high of $7.00.

The business also recently declared an annual dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, July 31st were issued a dividend of $6.00 per share. The ex-dividend date of this dividend was Monday, July 30th.

Sigma Designs Company Profile

Sigma Designs, Inc, an integrated system-on-chip solutions provider, provides intelligent platforms for use in the home entertainment, and home and industrial control appliances. The company offers mobile Internet of Things solutions used primarily for tracking applications, such as small tags that can be attached to track pets, keys, children, luggage, and vehicles.

Read More: Book Value Per Share – BVPS

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