Seeking Alpha

Seeking Alpha Portfolio App for iPad

334 people get SIGM articles and Market Currents by email alert.

Get email alerts on SIGM »

SIGM

Sigma Designs, Inc.

5/20/2013, 1:20 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, March 13, 7:52 PM More on Sigma Designs (SIGM) Q4 misses big on a per share basis. Net losses widened despite higher revenue, as restructuring and cost-reduction expenses hurt its bottom line. For Q1, the company anticipates revenue between $49M - $52M, at the low end of Street projections of $52M. However, shares are higher in the post-trading session as the company reiterated that it expects to return to profitability in the current quarter. Shares +6.3% AH. Comment! [Tech, Earnings, On the Move]
Wednesday, March 13, 4:03 PM Sigma Designs (SIGM): Q4 EPS of -$0.54 misses by $0.29. Revenue of $44.2M (-31% Y/Y) beats by $0.77M. Shares -1.1% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
Wednesday, March 13, 12:10 AM Notable earnings after Wednesday ’s close: CWTR, FTK, HOTT, SIGM, VRA Comment! [Earnings]
Tuesday, March 12, 5:35 PM Notable earnings after Wednesday ’s close: CWTR, FTK, HOTT, SIGM, VRA 1 Comment [Earnings]
Wednesday, December 5, 2012, 4:23 PM Sigma Designs (SIGM): Q3 EPS of -$0.27 misses by $0.10. Revenue of $63.9M (+61% Y/Y) misses by $1.1M. (PR) 1 Comment [Earnings, Tech]
Tuesday, September 11, 2012, 2:27 PM As consumer electronics spending shifts to mobile devices, the TV market is looking just as ugly as the PC market. DisplaySearch estimates global Q2 unit shipments fell 8% Y/Y in Q2, the same as Q1. Top vendor Samsung's (SSNLF.PK) TV revenues rose 18% Y/Y, boosting its share to 28.5%. But #3 Sony's (SNE) fell 33%, hurt by the Japanese market's brutal 77% shipment drop. Some companies with TV industry exposure: GLW, STM, NXPI, SIGM, AUO, LPL. Comment! [Tech]
Thursday, September 6, 2012, 10:52 AM Sigma Designs (SIGM -11.1%) tanks following its FQ2 report. Though results beat estimates, the chipmaker guided on its earnings call for FQ3 revenue of $60M-$64M, well below a $73.5M consensus. Sigma, which is heavily exposed to a weak TV market, says it expects HDTV chip sales to be "relatively flat" Q/Q in Q3, typically its strongest quarter. BWS Financial is downgrading to Hold, arguing Sigma's IPTV processor line (15% of FQ2 sales) is no longer a growth catalyst. 1 Comment [Tech, Earnings, On the Move, Quick Ideas]
Wednesday, September 5, 2012, 4:08 PM Sigma Designs (SIGM): Q2 EPS of -$0.12 beats by $0.19. Revenue of $68.3M (+70% Y/Y) beats by $3.3M. Shares +2.1% AH. (PR) Comment! [Earnings, Tech, On the Move]
Thursday, July 12, 2012, 6:01 PM Sigma Designs (SIGM) +3.3% AH after disclosing it has licensed its Z-Wave home networking protocol to an unnamed partner for $16.8M, which will be paid over the next 12 months. Z-Wave is aimed at low-bandwidth applications such as meter reading and lighting control. Comment! [Tech, On the Move]
Wednesday, June 20, 2012, 10:21 AM Activist fund Potomac Capital, which owns an 8% stake in Sigma Designs (SIGM -4.2%), issues an open letter that reiterates its nomination of three board members. Potomac airs a long list of complaints it has about Sigma's board and management, including a history of losses and equity dilution, and alleged conflicts of interest. Sigma recently terminated a poison pill and agreed to split it chairman and CEO roles in response to pressure from Potomac. Comment! [Tech, On the Move]
Thursday, May 24, 2012, 1:15 PM Sigma Designs (SIGM +6.8%) posts a healthy gain after beating FQ1 estimates and guiding on its earnings call for FQ2 revenue of $61M-$67M - boosted by the acquisition of bankrupt Trident's HDTV chip business, and thus not comparable to estimates. The chipmaker says it's seeing strong traction for its home streaming and IPTV processing chips. It adds it has cut the Trident unit's staff by 1/3 since the acquisition. Comment! [Tech, Earnings, On the Move]
Wednesday, May 23, 2012, 4:12 PM Sigma Designs (SIGM): Q1 EPS of -$0.26 beats by $0.08. Revenue of $40.3M (-33.5% Y/Y) beats by $3M. Shares -0.3% AH. (PR) Comment! [Earnings, Tech]
Wednesday, March 7, 2012, 6:39 PM More on Sigma Designs (SIGM): Q4 misses on both revenue and EPS on wider-than-expected losses. Revenue collapsed 49% Y/Y as competitive pricing on newer products continued to hurt its top line. Shares -5.9% AH. Comment! [Earnings, On the Move]
Wednesday, March 7, 2012, 4:19 PM Sigma Designs (SIGM): Q4 EPS of -$0.43 misses by $0.14. Revenue of $35.6M (-49.6% Y/Y) misses by $2M. Shares -1.3% AH. (PR) Comment! [Earnings, Tech]
Thursday, August 25, 2011, 10:42 AM Sigma Designs (SIGM), a developer of video processing chips for set-top boxes, TVs, and Blu-Ray players, is down 12% after reporting FQ2 revenue of $46.7M (-23% Y/Y) and EPS of -$0.44, missing consensus by $5.7M and $0.42. Sigma has been dogged by concerns of product commoditization and competition from Broadcom (BRCM). (transcript) Comment! [Tech, Earnings, On the Move]
Thursday, August 25, 2011, 9:00 AM Premarket gainers: SIG +10%. PSTI +10%. TIVO +9%. BCS +5%.
Losers: SIGM -10%. AMAT -6%. NBG -4%. SMI -3%. SDRL -3%. NVS -3%. Comment! [On the Move]