Sigma Designs, Inc. (NASDAQ:SIGM) major shareholder Soros Fund Management Llc acquired 65,625 shares of the stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $5.86 per share, with a total value of $384,562.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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 Friday, September 8th, Soros Fund Management Llc acquired 7,210 shares of Sigma Designs stock. The stock was bought at an average cost of $5.83 per share, with a total value of $42,034.30.
  • On Tuesday, July 11th, Soros Fund Management Llc acquired 44,505 shares of Sigma Designs stock. The stock was bought at an average cost of $5.61 per share, with a total value of $249,673.05.
  • On Wednesday, July 5th, Soros Fund Management Llc acquired 34,356 shares of Sigma Designs stock. The stock was bought 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 acquired 120,673 shares of Sigma Designs stock. The stock was bought 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 acquired 50,000 shares of Sigma Designs stock. The stock was bought 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 acquired 293,327 shares of Sigma Designs stock. The stock was bought 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 acquired 82,083 shares of Sigma Designs stock. The stock was bought 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 acquired 4,424 shares of Sigma Designs stock. The stock was bought at an average cost of $5.85 per share, with a total value of $25,880.40.

Shares of Sigma Designs, Inc. (SIGM) remained flat at $5.85 during midday trading on Thursday. The company had a trading volume of 224,781 shares. Sigma Designs, Inc. has a 12-month low of $5.20 and a 12-month high of $8.53. The firm’s market capitalization is $225.31 million. The firm’s 50 day moving average price is $6.23 and its 200-day moving average price is $6.08.

Sigma Designs (NASDAQ:SIGM) last released its quarterly earnings data on Thursday, September 7th. The semiconductor company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). Sigma Designs had a negative net margin of 19.53% and a negative return on equity of 18.73%. The business had revenue of $39.50 million during the quarter, compared to analyst estimates of $39.63 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s revenue was down 35.6% on a year-over-year basis. Equities analysts forecast that Sigma Designs, Inc. will post ($0.81) EPS for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIGM. Strs Ohio acquired a new position in Sigma Designs in the second quarter valued at approximately $101,000. Ameriprise Financial Inc. acquired a new position in Sigma Designs in the second quarter valued at approximately $102,000. Global X Management Co. LLC lifted its holdings in Sigma Designs by 30.5% in the second quarter. Global X Management Co. LLC now owns 17,758 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 4,151 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Sigma Designs by 26.2% in 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 during the last quarter. Finally, American International Group Inc. lifted its holdings in Sigma Designs by 7.1% in the first quarter. American International Group Inc. now owns 22,075 shares of the semiconductor company’s stock valued at $138,000 after acquiring an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 61.45% of the company’s stock.

SIGM has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Wednesday, June 7th. 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 reaffirmed an “outperform” rating and issued 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. The stock currently has a consensus rating of “Hold” and an average target price of $7.70.

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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