Sigma Designs, Inc. (NASDAQ:SIGM) Major Shareholder Soros Fund Management Llc Acquires 44,505 Shares

Sigma Designs, Inc. (NASDAQ:SIGM) major shareholder Soros Fund Management Llc bought 44,505 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were acquired at an average price of $5.61 per share, with a total value of $249,673.05. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Soros Fund Management Llc also recently made the following trade(s):

  • On Wednesday, July 5th, Soros Fund Management Llc bought 34,356 shares of Sigma Designs stock. The stock was bought at an average cost of $5.76 per share, for a total transaction of $197,890.56.
  • On Thursday, July 6th, Soros Fund Management Llc bought 120,673 shares of Sigma Designs stock. The stock was bought at an average cost of $5.68 per share, for a total transaction of $685,422.64.
  • On Friday, June 30th, Soros Fund Management Llc bought 50,000 shares of Sigma Designs stock. The stock was bought at an average cost of $5.85 per share, for a total transaction of $292,500.00.
  • On Monday, July 3rd, Soros Fund Management Llc acquired 293,327 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.85 per share, for a total transaction of $1,715,962.95.
  • On Thursday, June 29th, Soros Fund Management Llc bought 82,083 shares of Sigma Designs stock. The stock was purchased at an average cost of $5.85 per share, for a total transaction of $480,185.55.
  • On Friday, June 23rd, Soros Fund Management Llc bought 4,424 shares of Sigma Designs stock. The stock was purchased at an average cost of $5.85 per share, for a total transaction of $25,880.40.
  • On Thursday, June 8th, Soros Fund Management Llc bought 400,000 shares of Sigma Designs stock. The stock was purchased at an average cost of $5.80 per share, for a total transaction of $2,320,000.00.
  • On Thursday, April 13th, Soros Fund Management Llc acquired 223,919 shares of Sigma Designs stock. The stock was bought at an average cost of $5.63 per share, for a total transaction of $1,260,663.97.

Shares of Sigma Designs, Inc. (NASDAQ SIGM) traded down 0.81% during trading on Monday, hitting $6.10. The stock had a trading volume of 33,156 shares. Sigma Designs, Inc. has a 52-week low of $5.20 and a 52-week high of $8.60. The firm’s market cap is $233.00 million. The firm’s 50-day moving average is $5.97 and its 200 day moving average is $6.10.

Sigma Designs (NASDAQ:SIGM) last issued its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.04. Sigma Designs had a negative return on equity of 11.77% and a negative net margin of 12.15%. The business had revenue of $39.60 million during the quarter, compared to analysts’ expectations of $39.50 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue was down 26.4% on a year-over-year basis. On average, analysts expect that Sigma Designs, Inc. will post ($0.59) EPS for the current year.

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Several research firms have recently commented on SIGM. Zacks Investment Research downgraded Sigma Designs from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Wednesday, June 7th. Robert W. Baird reissued an “outperform” rating and set a $8.00 target price on shares of Sigma Designs in a research note on Wednesday, June 7th. Finally, Lake Street Capital raised Sigma Designs from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Thursday, March 30th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.58.

Hedge funds have recently bought and sold shares of the stock. Soros Fund Management LLC boosted its stake in Sigma Designs by 136.2% in the first quarter. Soros Fund Management LLC now owns 3,700,000 shares of the semiconductor company’s stock worth $23,125,000 after buying an additional 2,133,334 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Sigma Designs during the fourth quarter worth $830,000. Renaissance Technologies LLC raised its stake in shares of Sigma Designs by 6.8% in the first quarter. Renaissance Technologies LLC now owns 1,893,200 shares of the semiconductor company’s stock worth $11,833,000 after buying an additional 120,100 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sigma Designs by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,116,796 shares of the semiconductor company’s stock worth $18,701,000 after buying an additional 119,654 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its stake in shares of Sigma Designs by 37.7% in the first quarter. Alambic Investment Management L.P. now owns 326,183 shares of the semiconductor company’s stock worth $2,039,000 after buying an additional 89,388 shares in the last quarter. Institutional investors own 60.37% of the company’s stock.

About Sigma Designs

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.

Insider Buying and Selling by Quarter for Sigma Designs (NASDAQ:SIGM)

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