Federated Investors Inc. PA Maintains Stake in Sigma Designs, Inc. (SIGM)
Federated Investors Inc. PA continued to hold its position in shares of Sigma Designs, Inc. (NASDAQ:SIGM) during the second quarter, according to its most recent filing with the SEC. The firm owned 1,800,138 shares of the semiconductor company’s stock at the end of the second quarter. Federated Investors Inc. PA owned 4.71% of Sigma Designs worth $10,531,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Soros Fund Management LLC boosted its position in shares of Sigma Designs by 136.2% in the first quarter. Soros Fund Management LLC now owns 3,700,000 shares of the semiconductor company’s stock valued at $23,125,000 after buying an additional 2,133,334 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Sigma Designs by 6.8% in the first quarter. Renaissance Technologies LLC now owns 1,893,200 shares of the semiconductor company’s stock valued at $11,833,000 after buying an additional 120,100 shares in the last quarter. Alambic Investment Management L.P. boosted its position in shares of Sigma Designs by 37.7% in the first quarter. Alambic Investment Management L.P. now owns 326,183 shares of the semiconductor company’s stock valued at $2,039,000 after buying an additional 89,388 shares in the last quarter. Menta Capital LLC acquired a new position in shares of Sigma Designs during the first quarter valued at about $490,000. Finally, Fisher Asset Management LLC boosted its position in shares of Sigma Designs by 35.9% in the second quarter. Fisher Asset Management LLC now owns 264,744 shares of the semiconductor company’s stock valued at $1,549,000 after buying an additional 69,877 shares in the last quarter. 61.45% of the stock is currently owned by institutional investors.
Sigma Designs, Inc. (SIGM) opened at 6.20 on Tuesday. The firm’s market cap is $236.82 million. The stock has a 50 day moving average of $6.23 and a 200 day moving average of $6.10. Sigma Designs, Inc. has a 52 week low of $5.20 and a 52 week high of $8.60.
Sigma Designs (NASDAQ:SIGM) last issued its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.04. Sigma Designs had a negative return on equity of 10.46% and a negative net margin of 12.15%. The company had revenue of $39.60 million for the quarter, compared to the consensus estimate of $39.50 million. During the same quarter last year, the business earned ($0.12) earnings per share. Sigma Designs’s revenue was down 26.4% compared to the same quarter last year. Analysts anticipate that Sigma Designs, Inc. will post ($0.57) EPS for the current year.
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Several equities analysts have recently issued reports on SIGM shares. Zacks Investment Research cut shares of Sigma Designs from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $8.58.
In related news, major shareholder Soros Fund Management Llc acquired 4,424 shares of the stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $5.85 per share, for a total transaction of $25,880.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 1,029,368 shares of company stock valued at $5,967,515 over the last 90 days. 4.50% of the stock is owned by corporate insiders.
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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