GMT Capital Corp purchased a new stake in shares of Sigma Designs, Inc. (NASDAQ:SIGM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 61,000 shares of the semiconductor company’s stock, valued at approximately $381,000. GMT Capital Corp owned approximately 0.16% of Sigma Designs at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. American International Group Inc. boosted its stake in Sigma Designs by 7.1% in the first quarter. American International Group Inc. now owns 22,075 shares of the semiconductor company’s stock worth $138,000 after buying an additional 1,458 shares during the last quarter. AXA purchased a new stake in Sigma Designs during the first quarter worth approximately $149,000. Teachers Advisors LLC boosted its stake in Sigma Designs by 7.6% in the first quarter. Teachers Advisors LLC now owns 58,688 shares of the semiconductor company’s stock worth $367,000 after buying an additional 4,133 shares during the last quarter. Intellectus Partners LLC purchased a new stake in Sigma Designs during the fourth quarter worth approximately $479,000. Finally, Menta Capital LLC purchased a new stake in Sigma Designs during the first quarter worth approximately $490,000. Institutional investors own 60.23% of the company’s stock.
Shares of Sigma Designs, Inc. (SIGM) traded down 2.50% during mid-day trading on Tuesday, hitting $5.85. 84,052 shares of the stock traded hands. The stock’s market cap is $223.45 million. The firm has a 50 day moving average of $6.16 and a 200 day moving average of $6.12. Sigma Designs, Inc. has a 12 month low of $5.20 and a 12 month high of $8.60.
Sigma Designs (NASDAQ:SIGM) last posted its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.04. Sigma Designs had a negative net margin of 12.15% and a negative return on equity of 11.77%. The firm had revenue of $39.60 million during the quarter, compared to analysts’ expectations of $39.50 million. During the same quarter last year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was down 26.4% on a year-over-year basis. On average, equities analysts expect that Sigma Designs, Inc. will post ($0.59) EPS for the current fiscal year.
SIGM has been the topic of a number of research analyst reports. Robert W. Baird restated an “outperform” rating and set a $8.00 price objective on shares of Sigma Designs in a research report on Wednesday, June 7th. Lake Street Capital upgraded shares of Sigma Designs from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Thursday, March 30th. Zacks Investment Research downgraded shares of Sigma Designs from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Sigma Designs in a research report on Wednesday, June 7th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $8.58.
In other news, major shareholder Soros Fund Management Llc acquired 400,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of $5.80 per share, for a total transaction of $2,320,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.50% of the company’s stock.
Sigma Designs Company Profile
Sigma Designs, Inc is a provider of global integrated semiconductor solutions. The Company offers media platforms for use in the home entertainment and home control markets. The Company sells its products into markets, including smart television, media connectivity, set-top box and Internet of Things (IoT) devices.
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