Insider Buying: Sigma Designs, Inc. (SIGM) Major Shareholder Purchases $384,562.50 in Stock

Sigma Designs, Inc. (NASDAQ:SIGM) major shareholder Soros Fund Management Llc purchased 65,625 shares of the stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $5.86 per share, with a total value of $384,562.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, September 8th, Soros Fund Management Llc purchased 7,210 shares of Sigma Designs stock. The shares were purchased at an average price of $5.83 per share, with a total value of $42,034.30.
  • On Tuesday, July 11th, Soros Fund Management Llc purchased 44,505 shares of Sigma Designs stock. The shares were purchased at an average price of $5.61 per share, with a total value of $249,673.05.
  • On Wednesday, July 5th, Soros Fund Management Llc purchased 34,356 shares of Sigma Designs stock. The shares were purchased at an average price of $5.76 per share, with a total value of $197,890.56.
  • On Thursday, July 6th, Soros Fund Management Llc purchased 120,673 shares of Sigma Designs stock. The shares were purchased at an average price of $5.68 per share, with a total value of $685,422.64.
  • On Friday, June 30th, Soros Fund Management Llc purchased 50,000 shares of Sigma Designs stock. The shares were purchased at an average price of $5.85 per share, with a total value of $292,500.00.
  • On Monday, July 3rd, Soros Fund Management Llc purchased 293,327 shares of Sigma Designs stock. The shares were purchased at an average price of $5.85 per share, with a total value of $1,715,962.95.
  • On Thursday, June 29th, Soros Fund Management Llc purchased 82,083 shares of Sigma Designs stock. The shares were purchased at an average price of $5.85 per share, with a total value of $480,185.55.
  • On Friday, June 23rd, Soros Fund Management Llc purchased 4,424 shares of Sigma Designs stock. The shares were purchased at an average price of $5.85 per share, with a total value of $25,880.40.

Sigma Designs, Inc. (SIGM) opened at 5.90 on Friday. The stock has a 50 day moving average of $6.21 and a 200 day moving average of $6.08. The firm’s market cap is $227.24 million. Sigma Designs, Inc. has a one year low of $5.20 and a one year high of $8.53.

Sigma Designs (NASDAQ:SIGM) last issued its quarterly earnings results on Thursday, September 7th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). The company had revenue of $39.50 million during the quarter, compared to the consensus estimate of $39.63 million. Sigma Designs had a negative return on equity of 18.73% and a negative net margin of 19.53%. The firm’s quarterly revenue was down 35.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, equities analysts forecast that Sigma Designs, Inc. will post ($0.81) earnings per share for the current year.

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Several research analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a report on Wednesday, June 7th. Robert W. Baird restated an “outperform” rating and issued a $8.00 target price on shares of Sigma Designs in a report on Wednesday, June 7th. Finally, Zacks Investment Research cut shares of Sigma Designs from a “hold” rating to a “sell” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Sigma Designs has a consensus rating of “Hold” and an average target price of $7.70.

Large investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of Sigma Designs in the second quarter worth $101,000. Ameriprise Financial Inc. bought a new stake in shares of Sigma Designs in the second quarter worth $102,000. Global X Management Co. LLC increased its stake in shares of Sigma Designs by 30.5% in the second quarter. Global X Management Co. LLC now owns 17,758 shares of the semiconductor company’s stock worth $104,000 after buying an additional 4,151 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Sigma Designs by 26.2% in the second quarter. Voya Investment Management LLC now owns 19,735 shares of the semiconductor company’s stock worth $115,000 after buying an additional 4,097 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of 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 last quarter. Institutional investors and hedge funds own 61.45% 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.

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

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