Intellectus Partners LLC raised its stake in Sigma Designs, Inc. (NASDAQ:SIGM) by 16.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,825 shares of the semiconductor company’s stock after purchasing an additional 14,000 shares during the quarter. Intellectus Partners LLC owned 0.26% of Sigma Designs worth $584,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of Sigma Designs by 18.7% in the second quarter. The Manufacturers Life Insurance Company now owns 35,550 shares of the semiconductor company’s stock worth $208,000 after purchasing an additional 5,611 shares during the last quarter. State Street Corp raised its stake in shares of Sigma Designs by 10.4% in the second quarter. State Street Corp now owns 607,081 shares of the semiconductor company’s stock worth $3,553,000 after purchasing an additional 57,300 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Sigma Designs by 26.2% in the second quarter. Voya Investment Management LLC now owns 19,735 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 4,097 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sigma Designs by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,215,759 shares of the semiconductor company’s stock worth $18,812,000 after purchasing an additional 38,299 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Sigma Designs by 819.2% in the second quarter. Citadel Advisors LLC now owns 52,107 shares of the semiconductor company’s stock worth $305,000 after purchasing an additional 46,438 shares during the last quarter. 60.98% of the stock is owned by hedge funds and other institutional investors.
SIGM has been the subject of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Sigma Designs in a research note on Friday, September 8th. Zacks Investment Research raised Sigma Designs from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Sigma Designs has a consensus rating of “Hold” and a consensus target price of $7.50.
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Shares of Sigma Designs, Inc. (NASDAQ SIGM) traded up 0.385% during mid-day trading on Wednesday, hitting $6.525. The stock had a trading volume of 94,289 shares. The firm’s market cap is $251.32 million. Sigma Designs, Inc. has a 52-week low of $5.20 and a 52-week high of $8.35. The stock’s 50-day moving average price is $6.17 and its 200-day moving average price is $6.12.
Sigma Designs (NASDAQ:SIGM) last announced its quarterly earnings data on Thursday, September 7th. The semiconductor company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). Sigma Designs had a negative return on equity of 18.73% and a negative net margin of 19.53%. The firm had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $39.63 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Sigma Designs’s revenue was down 35.6% on a year-over-year basis. On average, analysts anticipate that Sigma Designs, Inc. will post ($0.81) earnings per share for the current fiscal year.
In other news, major shareholder Soros Fund Management Llc acquired 65,625 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of $5.86 per share, for a total transaction of $384,562.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders purchased 104,958 shares of company stock valued at $613,553. 4.50% of the stock is owned by company insiders.
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.
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