Sigma Designs Inc. (SIGM) Shares Bought by California State Teachers Retirement System
California State Teachers Retirement System boosted its position in shares of Sigma Designs Inc. (NASDAQ:SIGM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,171 shares of the company’s stock after buying an additional 200 shares during the period. California State Teachers Retirement System owned 0.20% of Sigma Designs worth $483,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in shares of 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 during the period. Royce & Associates LP boosted its position in shares of 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 during the period. JPMorgan Chase & Co. purchased a new position in shares of Sigma Designs during the first quarter worth approximately $5,530,000. State Street Corp boosted its position in shares of Sigma Designs by 0.9% in the first quarter. State Street Corp now owns 488,825 shares of the company’s stock worth $3,323,000 after buying an additional 4,545 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Sigma Designs by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 128,373 shares of the company’s stock worth $826,000 after buying an additional 2,108 shares during the period. Institutional investors own 66.15% of the company’s stock.
Shares of Sigma Designs Inc. (NASDAQ:SIGM) traded up 0.76% during midday trading on Monday, hitting $7.92. The stock had a trading volume of 34,728 shares. The company’s market cap is $296.65 million. The stock has a 50 day moving average of $7.77 and a 200-day moving average of $6.98. Sigma Designs Inc. has a one year low of $5.41 and a one year high of $10.19.
Sigma Designs (NASDAQ:SIGM) last released its earnings results on Tuesday, September 6th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The firm earned $61.30 million during the quarter. Sigma Designs had a negative return on equity of 1.31% and a negative net margin of 4.20%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Analysts forecast that Sigma Designs Inc. will post $0.04 EPS for the current fiscal year.
SIGM has been the subject of a number of research analyst reports. Robert W. Baird restated an “outperform” rating and set a $9.00 target price (down from $10.00) on shares of Sigma Designs in a report on Wednesday, September 7th. BWS Financial cut Sigma Designs from a “hold” rating to a “sell” rating and set a $6.00 target price for the company. in a report on Thursday, September 8th. Needham & Company LLC restated a “buy” rating and set a $13.00 target price on shares of Sigma Designs in a report on Wednesday, September 7th. Finally, Zacks Investment Research raised Sigma Designs from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average 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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