News / Business
(NASDAQ:SIGM) Stock Downgraded, Shares Fall 6%
Stock Downgraded
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Sigma Designs, Inc. (NASDAQ:SIGM) decreases 6.81% to $11.50 after Collins Stewart gave the Semiconductor - Specialized industry some bad news as it announced that the company was downgraded from Hold to Sell. Sigma Designs, Inc. is a fabless provider of integrated system-on-chip, solutions that are used to deliver multimedia entertainment throughout the home. The Company offers four distinct technologies that the Company market as separate product lines: media processors, VXP video image processing, Ultra-wideband devices and Z-wave devices. Each of these technologies also contributes to its fully integrated SoC offerings. Its SoC solutions combine its semiconductors and software and are a component of multiple high-growth, consumer applications that process digital video and audio content, including Internet protocol television, connected media player, high definition televisions, and portable media players. Its media processors provide high definition digital video decoding for multiple compression standards, graphics acceleration, audio decoding, a central processing unit, and display control.
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