Ironwood Investment Management LLC Acquires 65,324 Shares of Sigma Designs, Inc. (SIGM)
Ironwood Investment Management LLC lifted its holdings in shares of Sigma Designs, Inc. (NASDAQ:SIGM) by 205.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,058 shares of the semiconductor company’s stock after acquiring an additional 65,324 shares during the quarter. Ironwood Investment Management LLC owned about 0.25% of Sigma Designs worth $611,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of SIGM. Dimensional Fund Advisors LP increased its stake in Sigma Designs by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,215,759 shares of the semiconductor company’s stock worth $18,812,000 after buying an additional 38,299 shares during the period. Renaissance Technologies LLC increased its position in shares of Sigma Designs by 6.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,893,200 shares of the semiconductor company’s stock worth $11,833,000 after purchasing an additional 120,100 shares during the last quarter. Royce & Associates LP increased its position in shares of Sigma Designs by 24.4% in the 2nd quarter. Royce & Associates LP now owns 790,607 shares of the semiconductor company’s stock worth $4,625,000 after purchasing an additional 155,200 shares during the last quarter. State Street Corp increased its position in shares of Sigma Designs by 10.4% in the 2nd quarter. State Street Corp now owns 607,081 shares of the semiconductor company’s stock worth $3,553,000 after purchasing an additional 57,300 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Sigma Designs by 9.7% in the 2nd quarter. Northern Trust Corp now owns 415,627 shares of the semiconductor company’s stock worth $2,431,000 after purchasing an additional 36,749 shares during the last quarter. Institutional investors and hedge funds own 60.61% of the company’s stock.
In related news, major shareholder Soros Fund Management Llc acquired 65,625 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $5.86 per share, with a total value of $384,562.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 104,958 shares of company stock worth $613,553 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.
Several equities research analysts have recently weighed in on SIGM shares. Zacks Investment Research downgraded shares of Sigma Designs from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.50.
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Sigma Designs, Inc. (NASDAQ SIGM) traded up $0.01 during mid-day trading on Monday, hitting $6.01. 48,699 shares of the stock were exchanged, compared to its average volume of 196,314. Sigma Designs, Inc. has a twelve month low of $5.20 and a twelve month high of $8.35.
Sigma Designs (NASDAQ:SIGM) last released its quarterly earnings data on Thursday, September 7th. The semiconductor company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). Sigma Designs had a negative net margin of 19.53% and a negative return on equity of 18.73%. The business had revenue of $39.50 million during the quarter, compared to analyst estimates of $39.63 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s revenue was down 35.6% on a year-over-year basis. analysts forecast that Sigma Designs, Inc. will post -0.92 EPS for the current fiscal year.
Sigma Designs 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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