Nationwide Fund Advisors maintained its stake in Sigma Designs, Inc. (NASDAQ:SIGM) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 140,901 shares of the semiconductor company’s stock at the end of the first quarter. Nationwide Fund Advisors’ holdings in Sigma Designs were worth $881,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Soros Fund Management LLC increased its stake in Sigma Designs by 33.1% in the fourth quarter. Soros Fund Management LLC now owns 1,566,666 shares of the semiconductor company’s stock worth $9,400,000 after buying an additional 389,552 shares in the last quarter. Raging Capital Management LLC purchased a new stake in Sigma Designs during the fourth quarter worth approximately $15,289,000. Renaissance Technologies LLC increased its stake 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 worth $10,639,000 after buying an additional 51,300 shares in the last quarter. Federated Investors Inc. PA increased its stake 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 worth $10,801,000 after buying an additional 500,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $18,701,000 after buying an additional 119,654 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.
Sigma Designs, Inc. (SIGM) opened at 5.80 on Friday. Sigma Designs, Inc. has a one year low of $5.20 and a one year high of $8.60. The firm’s market capitalization is $221.54 million. The company has a 50 day moving average price of $6.17 and a 200-day moving average price of $6.15.
Sigma Designs (NASDAQ:SIGM) last posted its quarterly earnings results on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.04. The company had revenue of $39.60 million during the quarter, compared to analyst estimates of $39.50 million. Sigma Designs had a negative net margin of 12.15% and a negative return on equity of 11.77%. The business’s revenue for the quarter was down 26.4% compared to the same quarter last year. During the same period last year, the company earned ($0.12) EPS. On average, equities analysts predict that Sigma Designs, Inc. will post ($0.59) EPS for the current year.
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A number of analysts have recently commented on the company. Zacks Investment Research downgraded Sigma Designs from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Robert W. Baird restated an “outperform” rating and issued a $8.00 target price on shares of Sigma Designs in a report on Wednesday, June 7th. Needham & Company LLC restated a “hold” rating on shares of Sigma Designs in a report on Wednesday, June 7th. Finally, Lake Street Capital upgraded Sigma Designs from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Thursday, March 30th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.58.
In related news, major shareholder Soros Fund Management Llc purchased 400,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $5.80 per share, with a total value of $2,320,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.50% 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.
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