Deutsche Bank has published a report of the highlights of Sigma Designs Inc.'s (NASDAQ: SIGM) Analyst Day.
The report states, “Moving forward, the company intends to monetize past significant R&D investments to achieve an annualized revenue goal of $500m by CY15 (+12% CAGR from CY10). The co also reiterated its view of significant 2H11 growth. Overall, we believe the company is well positioned to realize its 5-year goal but lack of NT catalysts keeps us on the sideline with our Hold rating and $12 P/T.”
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SIGM has a Hold Rating and $12 PT.
SIGM was traded at $12.56 at closing yesterday.