Sigma Designs (SIGM) Tops Q1 EPS by 8c
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Needham & Company Raises Price Target on Sigma Designs (SIGM) Following 1Q16 Results
June 10, 2015 8:08 AM EDTNeedham & Company reiterates a Buy rating on Sigma Designs (NASDAQ: SIGM), and raised the price target to $13.00 (from $10.00), following F1Q16. SIGM reported revenue of of $55.1MM compared to $52.5MM estimates, and non-GAAP EPS of $0.09, above $0.01 estimates.
Analyst Quinn Bolton commented, "SIGM reported better than expected F1Q16 results and F2Q16 guidance driven by strength in SmartTV,... More
