Sigma Designs Inc (NASDAQ:SIGM) major shareholder Soros Fund Management Llc purchased 223,919 shares of the firm’s stock in a transaction dated Thursday, April 13th. The stock was acquired at an average price of $5.63 per share, with a total value of $1,260,663.97. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Sigma Designs Inc (NASDAQ:SIGM) opened at 6.20 on Monday. The firm’s 50-day moving average price is $5.94 and its 200-day moving average price is $6.53. The stock’s market capitalization is $236.55 million. Sigma Designs Inc has a 12 month low of $5.20 and a 12 month high of $8.60.
Sigma Designs (NASDAQ:SIGM) last issued its earnings results on Wednesday, March 29th. The semiconductor company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). The firm earned $42.70 million during the quarter, compared to the consensus estimate of $43.29 million. Sigma Designs had a negative net margin of 6.89% and a negative return on equity of 2.41%. The company’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. On average, equities research analysts forecast that Sigma Designs Inc will post ($0.22) EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Sigma Designs by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,773,100 shares of the semiconductor company’s stock valued at $10,639,000 after buying an additional 51,300 shares in the last quarter. Top Ace Asset Management Ltd increased its position in Sigma Designs by 33.9% in the third quarter. Top Ace Asset Management Ltd now owns 1,601,265 shares of the semiconductor company’s stock valued at $12,474,000 after buying an additional 405,209 shares in the last quarter. Dimensional Fund Advisors LP increased its position in 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 valued at $18,701,000 after buying an additional 119,654 shares in the last quarter. Federated Investors Inc. PA increased its position in Sigma Designs by 38.5% in the fourth quarter. Federated Investors Inc. PA now owns 1,800,138 shares of the semiconductor company’s stock valued at $10,801,000 after buying an additional 500,000 shares in the last quarter. Finally, Raging Capital Management LLC bought a new position in Sigma Designs during the fourth quarter valued at about $15,289,000. Institutional investors own 62.51% of the company’s stock.
Several analysts have issued reports on SIGM shares. Lake Street Capital raised Sigma Designs from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Thursday, March 30th. Zacks Investment Research lowered Sigma Designs from a “hold” rating to a “sell” rating in a report on Wednesday, January 18th. Robert W. Baird reissued an “outperform” rating and set a $8.00 price target on shares of Sigma Designs in a report on Thursday, March 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Sunday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $8.58.
About Sigma Designs
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.