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 cost of $5.61 per share, with a total value of $249,673.05. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock 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 shares were acquired at an average cost of $5.76 per share, with a total value of $197,890.56.
  • On Thursday, July 6th, Soros Fund Management Llc bought 120,673 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.68 per share, with a total value of $685,422.64.
  • On Friday, June 30th, Soros Fund Management Llc bought 50,000 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.85 per share, with a total value of $292,500.00.
  • On Monday, July 3rd, Soros Fund Management Llc bought 293,327 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.85 per share, with a total value of $1,715,962.95.
  • On Thursday, June 29th, Soros Fund Management Llc bought 82,083 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.85 per share, with a total value of $480,185.55.
  • On Friday, June 23rd, Soros Fund Management Llc bought 4,424 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.85 per share, with a total value of $25,880.40.
  • On Thursday, June 8th, Soros Fund Management Llc bought 400,000 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.80 per share, with a total value of $2,320,000.00.
  • On Thursday, April 13th, Soros Fund Management Llc bought 223,919 shares of Sigma Designs stock. The shares were acquired at an average cost of $5.63 per share, with a total value of $1,260,663.97.

Shares of Sigma Designs Inc (SIGM) traded up 3.98% during midday trading on Tuesday, reaching $5.88. The company’s stock had a trading volume of 260,983 shares. The stock has a 50-day moving average price of $6.09 and a 200-day moving average price of $6.08. Sigma Designs Inc has a 52-week low of $5.20 and a 52-week high of $8.60. The stock’s market cap is $224.40 million.

Sigma Designs (NASDAQ:SIGM) last issued its earnings results on Tuesday, June 6th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.04. Sigma Designs had a negative net margin of 37.56% and a negative return on equity of 42.79%. The business had revenue of $39.60 million for the quarter, compared to analysts’ expectations of $39.50 million. During the same quarter in the prior year, the business posted ($0.12) earnings per share. The business’s revenue for the quarter was down 26.4% on a year-over-year basis. Equities research analysts anticipate that Sigma Designs Inc will post ($0.59) earnings per share for the current fiscal year.

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A number of equities research analysts have commented on the company. Zacks Investment Research cut Sigma Designs from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Needham & Company LLC reissued a “hold” rating on shares of Sigma Designs in a research note on Wednesday, June 7th. Robert W. Baird reissued an “outperform” rating and issued a $8.00 price objective 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 price objective for the company in a research note on Thursday, March 30th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.58.

Hedge funds have recently modified their holdings of the stock. Soros Fund Management LLC raised its position in shares of 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 in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Sigma Designs during the fourth quarter worth about $830,000. Renaissance Technologies LLC raised its position 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 position 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 position 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 and hedge funds own 60.23% 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.

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

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