Sigma Designs, Inc. (NASDAQ:SIGM) was the target of unusually large options trading on Monday. Traders purchased 616 call options on the company. This represents an increase of approximately 878% compared to the average daily volume of 63 call options.

SIGM has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a report on Friday, September 8th. ValuEngine raised Sigma Designs from a “sell” rating to a “hold” rating in a research note on Saturday, December 9th. Lake Street Capital cut Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 target price on the stock. in a research note on Friday, December 8th. Benchmark reissued a “hold” rating on shares of Sigma Designs in a research note on Friday, December 8th. Finally, Craig Hallum cut Sigma Designs from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.53.

Shares of Sigma Designs (NASDAQ SIGM) opened at $6.95 on Thursday. Sigma Designs has a 12-month low of $5.40 and a 12-month high of $7.00.

Sigma Designs (NASDAQ:SIGM) last released its quarterly earnings data on Thursday, December 7th. The semiconductor company reported ($0.25) 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 business had revenue of $33.86 million for the quarter, compared to analysts’ expectations of $38.70 million. sell-side analysts forecast that Sigma Designs will post -0.92 EPS for the current year.

In other news, major shareholder Soros Fund Management Llc acquired 32,123 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $5.82 per share, for a total transaction of $186,955.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in shares of Sigma Designs by 4.6% during the second quarter. Rhumbline Advisers now owns 46,022 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 2,026 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 period. 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 period. The Manufacturers Life Insurance Company lifted its holdings in 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 valued at $208,000 after acquiring an additional 5,611 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Sigma Designs by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 156,553 shares of the semiconductor company’s stock valued at $916,000 after acquiring an additional 8,072 shares during the period. 63.64% of the stock is currently owned by institutional investors.

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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.

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