Emerald Acquisition Ltd. bought a new position in Sigma Designs Inc. (NASDAQ:SIGM) during the second quarter, Holdings Channel reports. The firm bought 144,108 shares of the company’s stock, valued at approximately $927,000. Emerald Acquisition Ltd. owned about 0.39% of Sigma Designs as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SIGM. JPMorgan Chase & Co. bought a new position in shares of Sigma Designs during the first quarter worth $5,530,000. Harvest Capital Strategies LLC acquired a new position in Sigma Designs during the first quarter worth approximately $408,000. Royce & Associates LP increased its position in Sigma Designs by 35.4% in the first quarter. Royce & Associates LP now owns 1,809,982 shares of the company’s stock worth $12,308,000 after buying an additional 473,285 shares in the last quarter. Renaissance Technologies LLC increased its position in Sigma Designs by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,965,400 shares of the company’s stock worth $13,365,000 after buying an additional 64,100 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Sigma Designs by 0.3% in the second quarter. California State Teachers Retirement System now owns 75,171 shares of the company’s stock worth $483,000 after buying an additional 200 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Sigma Designs Inc. (NASDAQ:SIGM) traded down 2.16% during midday trading on Tuesday, hitting $7.70. 44,778 shares of the stock were exchanged. Sigma Designs Inc. has a 1-year low of $5.41 and a 1-year high of $10.19. The stock’s market capitalization is $288.41 million. The firm’s 50 day moving average is $7.79 and its 200-day moving average is $6.98.
Sigma Designs (NASDAQ:SIGM) last posted its quarterly earnings results on Tuesday, September 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Sigma Designs had a negative net margin of 4.20% and a negative return on equity of 1.31%. The firm earned $61.30 million during the quarter. During the same period last year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Sigma Designs Inc. will post $0.04 EPS for the current year.
A number of equities analysts have recently commented on SIGM shares. BWS Financial downgraded shares of Sigma Designs from a “hold” rating to a “sell” rating and set a $6.00 price objective for the company. in a research note on Thursday, September 8th. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Sigma Designs in a research note on Wednesday, June 29th. Zacks Investment Research upgraded shares of Sigma Designs from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Robert W. Baird restated an “outperform” rating and set a $9.00 price objective (down from $10.00) on shares of Sigma Designs in a research note on Wednesday, September 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sigma Designs presently has an average rating of “Buy” and a consensus target price of $9.39.
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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