Sigma Designs, Inc. (SIGM) Major Shareholder Buys $292,500.00 in Stock

Sigma Designs, Inc. (NASDAQ:SIGM) major shareholder Soros Fund Management Llc purchased 50,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were acquired at an average price of $5.85 per share, for a total transaction of $292,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Soros Fund Management Llc also recently made the following trade(s):

  • On Tuesday, July 11th, Soros Fund Management Llc bought 44,505 shares of Sigma Designs stock. The stock was purchased at an average price of $5.61 per share, for a total transaction of $249,673.05.
  • On Wednesday, July 5th, Soros Fund Management Llc bought 34,356 shares of Sigma Designs stock. The stock was purchased at an average price of $5.76 per share, for a total transaction of $197,890.56.
  • On Thursday, July 6th, Soros Fund Management Llc bought 120,673 shares of Sigma Designs stock. The stock was purchased at an average price of $5.68 per share, for a total transaction of $685,422.64.
  • On Monday, July 3rd, Soros Fund Management Llc bought 293,327 shares of Sigma Designs stock. The stock was purchased at an average price of $5.85 per share, for a total transaction of $1,715,962.95.
  • On Thursday, June 29th, Soros Fund Management Llc purchased 82,083 shares of Sigma Designs stock. The stock was bought at an average price of $5.85 per share, for a total transaction of $480,185.55.
  • On Friday, June 23rd, Soros Fund Management Llc purchased 4,424 shares of Sigma Designs stock. The stock was bought at an average price of $5.85 per share, for a total transaction of $25,880.40.
  • On Thursday, June 8th, Soros Fund Management Llc purchased 400,000 shares of Sigma Designs stock. The stock was bought at an average price of $5.80 per share, for a total transaction of $2,320,000.00.
  • On Thursday, April 13th, Soros Fund Management Llc purchased 223,919 shares of Sigma Designs stock. The stock was bought at an average price of $5.63 per share, for a total transaction of $1,260,663.97.

Sigma Designs, Inc. (NASDAQ SIGM) opened at 6.25 on Tuesday. The company’s 50-day moving average is $6.09 and its 200 day moving average is $6.08. Sigma Designs, Inc. has a one year low of $5.20 and a one year high of $8.60. The company’s market capitalization is $238.73 million.

Sigma Designs (NASDAQ:SIGM) last announced its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.04. The firm had revenue of $39.60 million for the quarter, compared to analyst estimates of $39.50 million. Sigma Designs had a negative return on equity of 11.77% and a negative net margin of 12.15%. The company’s quarterly revenue was down 26.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Analysts predict that Sigma Designs, Inc. will post ($0.59) EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted 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 worth $138,000 after buying an additional 1,458 shares during the period. AXA bought a new stake in shares of Sigma Designs during the first quarter valued at approximately $149,000. Highbridge Capital Management LLC acquired a new stake in Sigma Designs during the first quarter valued at about $171,000. Metropolitan Life Insurance Co. NY acquired a new stake in Sigma Designs during the first quarter valued at about $171,000. Finally, Two Sigma Securities LLC acquired a new stake in Sigma Designs during the first quarter valued at about $198,000. 60.21% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Robert W. Baird restated an “outperform” rating and issued a $8.00 price target on shares of Sigma Designs in a research report on Wednesday, June 7th. Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a research report on Wednesday, June 7th. Zacks Investment Research lowered shares of Sigma Designs from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Finally, Lake Street Capital upgraded shares of Sigma Designs from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Thursday, March 30th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Sigma Designs currently has an average rating of “Hold” and a consensus price target of $8.58.

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.

Insider Buying and Selling by Quarter for Sigma Designs (NASDAQ:SIGM)

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