Sigma Designs Inc (SIGM) Position Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Sigma Designs Inc (NASDAQ:SIGM) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,494 shares of the semiconductor company’s stock after selling 16,300 shares during the period. Russell Investments Group Ltd. owned 0.30% of Sigma Designs worth $727,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Strs Ohio purchased a new position in Sigma Designs during the second quarter valued at approximately $101,000. Ameriprise Financial Inc. purchased a new position in Sigma Designs during the second quarter valued at approximately $102,000. Voya Investment Management LLC grew its stake in Sigma Designs by 26.2% during the second quarter. Voya Investment Management LLC now owns 19,735 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 4,097 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Sigma Designs during the second quarter valued at approximately $150,000. Finally, Parametric Portfolio Associates LLC grew its stake in Sigma Designs by 97.4% during the second quarter. Parametric Portfolio Associates LLC now owns 26,235 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 12,947 shares in the last quarter. 63.19% of the stock is owned by institutional investors.

SIGM has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Friday, September 8th. ValuEngine upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a research report on Sunday. Lake Street Capital lowered shares of Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 target price for the company. in a research report on Friday, December 8th. Benchmark reiterated a “hold” rating on shares of Sigma Designs in a research report on Friday, December 8th. Finally, Craig Hallum lowered shares of Sigma Designs from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.53.

Shares of Sigma Designs Inc (SIGM) opened at $6.95 on Tuesday. Sigma Designs Inc has a 1 year low of $5.40 and a 1 year high of $7.00. The stock has a market cap of $269.57, a P/E ratio of -4.83 and a beta of 1.08.

Sigma Designs (NASDAQ:SIGM) last announced its earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Sigma Designs had a negative net margin of 35.55% and a negative return on equity of 30.17%. The company had revenue of $33.86 million for the quarter, compared to the consensus estimate of $38.70 million. equities analysts expect that Sigma Designs Inc will post -0.92 EPS for the current fiscal year.

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Sigma Designs 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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Institutional Ownership by Quarter for Sigma Designs (NASDAQ:SIGM)

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