BWS Financial Lifts PT on Sigma Designs (SIGM) to $11; Z-Wave to Drive Further Gains
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BWS Financial lifts its price target on Buy-rated Sigma Designs (Nasdaq: SIGM) from $9 to $11 following recent quarterly results.
Analyst Hamed Khorsand noted that Z-Wave helped push Sigma Designs past the firm's Q4 expectations. The analyst commented, The fourth quarter is typically a soft quarter compared to the third quarter when the Company sees a slow down in its Smart TV segment. This time Smart TV was sequentially flat and Z-Wave carried the quarter by growing from 7.2 million in the third quarter to $11.5 million in the fourth quarter.
The growth in Z-Wave is accelerating with service providers making the push and the consumer being more educated on the technology. Z-Wave now seems poised to serve as the growth catalyst we have been
Khorsand noted.
writing about for the last several quarters,
For an analyst ratings summary and ratings history on Sigma Designs click here. For more ratings news on Sigma Designs click here.
Sigma Designs closed at $8.24 yesterday.
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