Notable Upgrades: Sigma Designs (SIGM), Himax Technologies (HIMX), Lululemon (LULU), Yahoo (YHOO), Sun Life Financial (SLF)

Sigma Designs, Inc. (SIGM) was reiterated a ‘Buy’ by Needham analysts on Wednesday. The broker also raised its price target on the stock to $13 from $10.

Sigma Designs Inc. shares have a forward P/E of 46.09 and t-12 price-to-sales ratio of 1.67. EPS for the same period is ($0.63).

In the past 52 weeks, shares of Milpitas, California-based semiconductor solutions provider have traded between a low of $3.65 and a high of $9.95 and are now at $9.69. Shares are up 151.83% year-over-year and 20.81% year-to-date.

Analysts at BofA/Merrill (BAC) upgraded their rating on the shares of Himax Technologies, Inc. (HIMX). In a research note published on Wednesday, the firm lifted the name with a ‘Buy‘ from ‘Underperform‘ rating.

On valuation measures, Himax Technologies Inc. ADS shares are currently priced at 21.16x this year’s forecasted earnings compared to the industry’s 14.24x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.90 and 17.84, respectively. Price/Sales for the same period is 1.45 while EPS is $0.36. Currently there are 3 analysts that rate HIMX a ‘Buy‘, 5 rate it a ‘Hold‘. 2 analysts rate it a ‘Sell‘. HIMX has a median Wall Street price target of $6.30 with a high target of $9.00.

Lululemon Athletica Inc. (LULU) was raised to ‘Buy‘ from ‘Underperform‘ and it was given $80 price target at Credit Agricole on Wednesday.

LULU is down $1.78 at $66.49 on heavy volume. Midway through trading Wednesday, 3.88 million shares of lululemon athletica inc. have exchanged hands as compared to its average daily volume of 2.47 million shares. The stock has ranged in a price between $65.70-$68.62 after having opened the day at $68.55 as compared to the previous trading day’s close of $68.27.

Over tha past 12-months, shares of Vancouver, BC-based company have traded between a low of $36.26 and a high of $70.00. Shares are up 51.74% year-over-year and 22.37% year-to-date.

Yahoo! Inc. (YHOO) was reiterated as ‘Buy’ with a $58 from $59 price target on Wednesday by UBS.

YHOO shares recently gained $0.54 to $42.17. The stock is up 15.51% year-over-year and has lost roughly 18% year-to-date. In the past 52 weeks, shares of Sunnyvale, California-based web portal have traded between a low of $32.93 and a high of $52.62.

Yahoo closed Tuesday at $41.63. The name has a current market cap of $39.57 billion.

Sun Life Financial Inc. (SLF) was upgraded to ‘Outperform‘ from ‘Sector Perform‘ by RBC Capital Markets analysts on Wednesday. The broker also raised its price target on the stock to $46 from $44.

SLF is currently printing a higher than average trading volume with the issue trading 460K shares, compared to the average volume of 439K shares . The stock began trading this morning at $34.34 to currently trade 2.69% higher from the prior days close of $33.73. On an intraday basis it has gotten as low as $34.33 and as high as $34.95.

Sun Life Financial Inc. shares are priced at 14.79x this year’s forecasted earnings, compared to the industry’s 15.54x earnings multiple. The company’s current year and next year EPS growth estimates stand at 13.20% and 8.40% compared to the industry growth rates of 16.70% and 6.80%, respectively. SLF has a t-12 price-to-sales ratio of 0.97. EPS for the same period registers at $2.36.

SLF shares have advanced 0.60% in the last 4 weeks and 11.79% in the past three months. Over the past 5 trading sessions the stock has gained 4.85%.

The Toronto, Ontario-based financial services organization, currently valued at $21.32 billion, has a median Wall Street price target of $36.77 with a high target of $38.86. Sun Life Financial Inc. is down 0.82% year-over-year, compared with a 7.01% gain in the S&P 500.

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