SIGM Benefits From Pick Up In IP Set Top Box Demand

Analyst Tristan Gerra of Robert W Baird maintains his "outperform" rating on Sigma Designs Inc (NASDAQ: SIGM). The target price for SIGM is set to $20.

According to Robert W Baird, industry checks suggest a recent pickup in set top box orders in North America. The analyst believes that this trend would help Sigma Designs achieve continued revenue growth over the forthcoming few quarters.

SIGM will continue to benefit from the ongoing improvement in the IPTV market. “New SoC introductions this year should help Sigma maintain its leadership position in the IPTV market,” the analyst adds. Robert W Baird believes that SIGM will not witness significant competition from AT&T (NYSE: T) on second-generation IP set top boxes during 1H10.

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