Dimensional Fund Advisors LP Acquires 60,664 Shares of Sigma Designs, Inc. (SIGM)
Dimensional Fund Advisors LP raised its stake in shares of Sigma Designs, Inc. (NASDAQ:SIGM) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,177,460 shares of the semiconductor company’s stock after buying an additional 60,664 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Sigma Designs worth $19,859,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SIGM. American International Group Inc. raised its position 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 buying an additional 1,458 shares during the last quarter. AXA acquired a new position in Sigma Designs during the first quarter valued at about $149,000. Menta Capital LLC acquired a new position in Sigma Designs during the first quarter valued at about $490,000. Intellectus Partners LLC raised its position in Sigma Designs by 7.5% in the first quarter. Intellectus Partners LLC now owns 85,825 shares of the semiconductor company’s stock valued at $536,000 after buying an additional 6,000 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in Sigma Designs by 82.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 146,700 shares of the semiconductor company’s stock valued at $917,000 after buying an additional 66,300 shares during the last quarter. Hedge funds and other institutional investors own 59.66% of the company’s stock.
Shares of Sigma Designs, Inc. (NASDAQ:SIGM) remained flat at $6.15 during trading on Friday. The company had a trading volume of 139,008 shares. Sigma Designs, Inc. has a 12 month low of $5.20 and a 12 month high of $8.60. The stock’s market capitalization is $234.91 million. The firm’s 50-day moving average price is $6.14 and its 200-day moving average price is $6.10.
Sigma Designs (NASDAQ:SIGM) last announced its earnings results on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.04. The firm 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%. Sigma Designs’s revenue was down 26.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.12) earnings per share. Equities analysts expect that Sigma Designs, Inc. will post ($0.57) earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a report on Wednesday, June 7th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $8.00 target price on shares of Sigma Designs in a report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Sigma Designs currently has a consensus rating of “Hold” and a consensus price target of $8.58.
In related news, major shareholder Soros Fund Management Llc purchased 44,505 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was acquired at an average price of $5.61 per share, with a total value of $249,673.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 1,029,368 shares of company stock valued at $5,967,515. Corporate insiders own 4.50% 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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