The Manufacturers Life Insurance Company increased its position in Sigma Designs, Inc. (NASDAQ:SIGM) by 18.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,550 shares of the semiconductor company’s stock after buying an additional 5,611 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of Sigma Designs worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in 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 period. Menta Capital LLC increased its stake in Sigma Designs by 115.6% in the 2nd quarter. Menta Capital LLC now owns 168,888 shares of the semiconductor company’s stock worth $988,000 after purchasing an additional 90,548 shares during the period. Chicago Equity Partners LLC purchased a new position in Sigma Designs in the 2nd quarter worth approximately $412,000. State Street Corp increased its stake in 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 period. Finally, Citadel Advisors LLC increased its stake in Sigma Designs by 819.2% in the 2nd quarter. Citadel Advisors LLC now owns 52,107 shares of the semiconductor company’s stock worth $305,000 after purchasing an additional 46,438 shares during the period. Institutional investors own 63.64% of the company’s stock.

SIGM has been the topic of a number of analyst reports. Zacks Investment Research raised Sigma Designs from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Thursday, October 12th. Lake Street Capital cut Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 price target on the stock. in a research note on Friday. Benchmark reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Friday. Finally, ValuEngine raised Sigma Designs from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Sigma Designs currently has a consensus rating of “Hold” and a consensus price target of $7.53.

In other Sigma Designs news, major shareholder Soros Fund Management Llc bought 65,625 shares of Sigma Designs stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $5.86 per share, with a total value of $384,562.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is currently owned by insiders.

Sigma Designs, Inc. (NASDAQ SIGM) opened at $6.90 on Monday. Sigma Designs, Inc. has a 12 month low of $5.40 and a 12 month high of $6.95.

Sigma Designs (NASDAQ:SIGM) last posted its earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.18). Sigma Designs had a negative net margin of 35.55% and a negative return on equity of 28.67%. The business had revenue of $33.86 million for the quarter, compared to analysts’ expectations of $38.70 million. research analysts expect that Sigma Designs, Inc. will post -0.92 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “The Manufacturers Life Insurance Company Purchases 5,611 Shares of Sigma Designs, Inc. (SIGM)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/the-manufacturers-life-insurance-company-purchases-5611-shares-of-sigma-designs-inc-sigm/1757011.html.

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.

Want to see what other hedge funds are holding SIGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sigma Designs, Inc. (NASDAQ:SIGM).

Institutional Ownership by Quarter for Sigma Designs (NASDAQ:SIGM)

Receive News & Ratings for Sigma Designs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sigma Designs Inc. and related companies with MarketBeat.com's FREE daily email newsletter.