NEW YORK (
-- Sigma Designs
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Sigma Designs, Inc. provides integrated system-on-chip solutions (SoC) for the Internet protocol television (IPTV), connected media player, prosumer and industrial audio/video, and connected home technologies markets primarily in Asia, Europe, and North America. The company has a P/E ratio of 131.7, above the average electronics industry P/E ratio of 120.8 and above the S&P 500 P/E ratio of 23.2. Sigma Designs has a market cap of $454.7 million and is part of the
industry. Shares are up 2.3% year to date as of the close of trading on Friday.
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