Luminex (LMNX) Reaches $27.80 52-Week High; Sigma Designs (SIGM) Shorts Up By 14.72%

May 22, 2018 - By Stephen Andrade

Sigma Designs, Inc. (NASDAQ:SIGM) Logo

The stock of Luminex Corporation (NASDAQ:LMNX) hit a new 52-week high and has $30.02 target or 8.00% above today’s $27.80 share price. The 9 months bullish chart indicates low risk for the $1.24 billion company. The 1-year high was reported on May, 22 by Barchart.com. If the $30.02 price target is reached, the company will be worth $98.88M more. The stock increased 0.53% or $0.1477 during the last trading session, reaching $27.7977. About 720,466 shares traded or 174.46% up from the average. Luminex Corporation (NASDAQ:LMNX) has risen 15.14% since May 22, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Sigma Designs Inc (NASDAQ:SIGM) had an increase of 14.72% in short interest. SIGM’s SI was 1.18M shares in May as released by FINRA. Its up 14.72% from 1.02 million shares previously. With 424,800 avg volume, 3 days are for Sigma Designs Inc (NASDAQ:SIGM)’s short sellers to cover SIGM’s short positions. The SI to Sigma Designs Inc’s float is 3.58%. The stock decreased 0.40% or $0.025 during the last trading session, reaching $6.175. About 50,409 shares traded. Sigma Designs, Inc. (NASDAQ:SIGM) has risen 1.64% since May 22, 2017 and is uptrending. It has underperformed by 9.91% the S&P500.

Among 8 analysts covering Luminex Corp (NASDAQ:LMNX), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Luminex Corp had 16 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Wednesday, September 13. As per Sunday, September 17, the company rating was maintained by Piper Jaffray. Wedbush upgraded Luminex Corporation (NASDAQ:LMNX) on Tuesday, August 4 to “Outperform” rating. Jefferies maintained the stock with “Hold” rating in Friday, October 20 report. The rating was upgraded by JP Morgan on Thursday, August 18 to “Neutral”. Jefferies maintained the shares of LMNX in report on Friday, June 9 with “Hold” rating. The firm has “Hold” rating by Deutsche Bank given on Monday, May 7. On Wednesday, August 5 the stock rating was maintained by Jefferies with “Hold”. Piper Jaffray maintained Luminex Corporation (NASDAQ:LMNX) rating on Monday, October 23. Piper Jaffray has “Hold” rating and $19.0 target. Avondale initiated the shares of LMNX in report on Wednesday, October 12 with “Mkt Outperform” rating.

Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and life sciences industries worldwide. The company has market cap of $1.24 billion. The company??s products include Luminex LX 100/200 that integrates fluidics, optics, and digital signal processing; FLEXMAP 3D system for use as a general laboratory instrument; MAGPIX system, a multiplexing analyzer for qualitative and quantitative analysis of proteins and nucleic acids; Verigene system, an automated multiplex-capable system; and ARIES system, a sample to answer real-time PCR platform. It has a 41.55 P/E ratio. It also offers MicroPlex, MagPlex, xTAG, SeroMAP, and calibration and control microspheres; ARIES cassettes that are self-contained assay consumables; xPONENT, a software suite to simplify laboratory workflow and enhance productivity; SYNCT data management software solutions; respiratory viral family of products to identify the causative agent for respiratory infections; and gastrointestinal pathogen panel assays to identify the pathogens causing infectious gastroenteritis.

Analysts await Luminex Corporation (NASDAQ:LMNX) to report earnings on August, 6. They expect $0.20 EPS, 0.00% or $0.00 from last year’s $0.2 per share. LMNX’s profit will be $8.89M for 34.75 P/E if the $0.20 EPS becomes a reality. After $0.25 actual EPS reported by Luminex Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

More news for Luminex Corporation (NASDAQ:LMNX) were recently published by: Seekingalpha.com, which released: “Luminex Corporation’s (LMNX) CEO Homi Shamir on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. Streetinsider.com‘s article titled: “Luminex Corp. (LMNX) Declares $0.06 Quarterly Dividend; 0.9% Yield” and published on May 11, 2018 is yet another important article.

Investors sentiment increased to 2.04 in 2017 Q4. Its up 0.91, from 1.13 in 2017Q3. It improved, as 7 investors sold Sigma Designs, Inc. shares while 18 reduced holdings. 32 funds opened positions while 19 raised stakes. 23.71 million shares or 2.12% more from 23.22 million shares in 2017Q3 were reported. Wells Fargo And Mn has 52,694 shares. Ontario – Canada-based Omers Administration has invested 0.03% in Sigma Designs, Inc. (NASDAQ:SIGM). Royal Bank & Trust Of Canada accumulated 459 shares or 0% of the stock. D E Shaw And owns 0% invested in Sigma Designs, Inc. (NASDAQ:SIGM) for 141,627 shares. Sg Americas Ltd Liability stated it has 29,058 shares. Gabelli Funds Ltd Liability Corp owns 23,050 shares for 0% of their portfolio. Citigroup reported 0% of its portfolio in Sigma Designs, Inc. (NASDAQ:SIGM). Susquehanna Gp Llp accumulated 216,347 shares. Parallax Volatility Advisers L P has 0% invested in Sigma Designs, Inc. (NASDAQ:SIGM). Menta Capital owns 103,718 shares. State Board Of Administration Of Florida Retirement accumulated 41,573 shares. 11,113 were reported by Bnp Paribas Arbitrage Sa. Tci Wealth invested in 96 shares or 0% of the stock. Dimensional Fund Advsr L P reported 3.13M shares. Axa accumulated 0% or 42,000 shares.

Among 7 analysts covering Sigma Designs (NASDAQ:SIGM), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Sigma Designs had 16 analyst reports since September 10, 2015 according to SRatingsIntel. Robert W. Baird initiated Sigma Designs, Inc. (NASDAQ:SIGM) rating on Friday, October 9. Robert W. Baird has “Outperform” rating and $14 target. The firm has “Buy” rating by Benchmark given on Wednesday, December 7. The stock of Sigma Designs, Inc. (NASDAQ:SIGM) earned “Hold” rating by Needham on Wednesday, June 7. The rating was maintained by Robert W. Baird on Wednesday, June 7 with “Buy”. The firm earned “Hold” rating on Wednesday, December 7 by Needham. As per Friday, December 8, the company rating was downgraded by Lake Street. Craig Hallum downgraded the stock to “Hold” rating in Friday, December 8 report. The firm has “Buy” rating by Lake Street given on Thursday, March 30. The firm has “Outperform” rating by Barrington Research given on Wednesday, December 9. On Friday, December 8 the stock rating was downgraded by Benchmark to “Hold”.

Another recent and important Sigma Designs, Inc. (NASDAQ:SIGM) news was published by Nasdaq.com which published an article titled: “Silicon Labs Soars on IoT, Infrastructure Strength” on April 25, 2018.

Sigma Designs, Inc. provides integrated system-on-chip solutions and intelligent platforms for use in various home entertainment and home control appliances. The company has market cap of $244.38 million. The companyÂ’s media processor product line includes a range of platforms that are based on integrated chips, embedded software, and hardware reference designs. It currently has negative earnings. The Company’s media connectivity product line comprises wired home networking controller chipsets that provide connectivity solutions between various home entertainment products and incoming video streams.

Sigma Designs, Inc. (NASDAQ:SIGM) Institutional Positions Chart

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