Chicago Equity Partners LLC acquired a new stake in shares of Sigma Designs, Inc. (NASDAQ:SIGM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,400 shares of the semiconductor company’s stock, valued at approximately $412,000. Chicago Equity Partners LLC owned 0.18% of Sigma Designs as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in SIGM. Great West Life Assurance Co. Can boosted its stake in shares of Sigma Designs by 7.7% during the first quarter. Great West Life Assurance Co. Can now owns 529,660 shares of the semiconductor company’s stock valued at $3,298,000 after purchasing an additional 37,672 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Sigma Designs by 2.7% during the first quarter. Bank of New York Mellon Corp now owns 148,481 shares of the semiconductor company’s stock valued at $928,000 after purchasing an additional 3,970 shares during the period. Alambic Investment Management L.P. boosted its stake in shares of Sigma Designs by 37.7% during the first quarter. Alambic Investment Management L.P. now owns 326,183 shares of the semiconductor company’s stock valued at $2,039,000 after purchasing an additional 89,388 shares during the period. American International Group Inc. boosted its stake in shares of Sigma Designs by 7.1% during the first quarter. American International Group Inc. now owns 22,075 shares of the semiconductor company’s stock valued at $138,000 after purchasing an additional 1,458 shares during the period. Finally, AXA purchased a new stake in shares of Sigma Designs during the first quarter valued at approximately $149,000. 61.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Sigma Designs, Inc. (NASDAQ:SIGM) opened at 5.90 on Wednesday. Sigma Designs, Inc. has a 1-year low of $5.20 and a 1-year high of $8.60. The stock’s market cap is $225.36 million. The stock’s 50 day moving average price is $6.27 and its 200-day moving average price is $6.08.
Sigma Designs (NASDAQ:SIGM) last announced its earnings results on Thursday, September 7th. The semiconductor company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.04). The company had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $39.63 million. Sigma Designs had a negative return on equity of 18.73% and a negative net margin of 19.53%. Sigma Designs’s revenue for the quarter was down 35.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. On average, equities research analysts forecast that Sigma Designs, Inc. will post ($0.81) earnings per share for the current year.
A number of research firms have recently weighed in on SIGM. 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. Finally, Robert W. Baird reissued an “outperform” rating and set a $8.00 price objective on shares of Sigma Designs in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.70.
In related news, major shareholder Soros Fund Management Llc bought 44,505 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was purchased at an average price of $5.61 per share, for a total transaction of $249,673.05. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders bought 636,578 shares of company stock valued at $3,689,549. Company insiders own 4.50% of the company’s stock.
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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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