Vanguard Group Inc. cut its position in shares of Sigma Designs, Inc. (NASDAQ:SIGM) by 16.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,068,326 shares of the semiconductor company’s stock after selling 402,456 shares during the period. Vanguard Group Inc. owned approximately 5.42% of Sigma Designs worth $12,927,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Menta Capital LLC purchased a new stake in shares of Sigma Designs during the first quarter worth about $490,000. AXA purchased a new stake in shares of Sigma Designs during the first quarter worth about $149,000. American International Group Inc. boosted 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. Alambic Investment Management L.P. boosted its stake in shares of Sigma Designs by 37.7% in the first quarter. Alambic Investment Management L.P. now owns 326,183 shares of the semiconductor company’s stock worth $2,039,000 after buying an additional 89,388 shares during the last quarter. Finally, Intellectus Partners LLC boosted its stake in shares of Sigma Designs by 7.5% in the first quarter. Intellectus Partners LLC now owns 85,825 shares of the semiconductor company’s stock worth $536,000 after buying an additional 6,000 shares during the last quarter. 61.45% of the stock is currently owned by institutional investors.

Shares of Sigma Designs, Inc. (SIGM) traded up 1.61% during midday trading on Tuesday, hitting $6.30. 16,821 shares of the stock were exchanged. Sigma Designs, Inc. has a 1-year low of $5.20 and a 1-year high of $8.60. The stock’s market capitalization is $240.63 million. The firm’s 50 day moving average is $6.23 and its 200-day moving average is $6.10.

Sigma Designs (NASDAQ:SIGM) last announced its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.04. Sigma Designs had a negative net margin of 12.15% and a negative return on equity of 10.46%. The firm had revenue of $39.60 million for the quarter, compared to analysts’ expectations of $39.50 million. During the same period last year, the company posted ($0.12) earnings per share. The business’s revenue for the quarter was down 26.4% compared to the same quarter last year. On average, analysts predict that Sigma Designs, Inc. will post ($0.57) EPS for the current year.

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A number of brokerages have recently issued reports on SIGM. Zacks Investment Research cut shares of Sigma Designs from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a report on Wednesday, June 7th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Sigma Designs in a report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.58.

In other news, major shareholder Soros Fund Management Llc acquired 4,424 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average cost of $5.85 per share, with a total value of $25,880.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 1,029,368 shares of company stock worth $5,967,515 over the last three months. 4.50% of the stock is currently owned by insiders.

About Sigma Designs

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

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