Dimensional Fund Advisors LP cut its position in Sigma Designs Inc (NASDAQ:SIGM) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,139,590 shares of the semiconductor company’s stock after selling 76,169 shares during the period. Dimensional Fund Advisors LP owned 8.15% of Sigma Designs worth $19,779,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Sii Investments Inc. WI acquired a new position in shares of Sigma Designs during the third quarter worth approximately $151,000. Schwab Charles Investment Management Inc. lifted its position in shares of Sigma Designs by 61.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 78,958 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 30,200 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Sigma Designs by 72.4% during the third quarter. Wells Fargo & Company MN now owns 37,418 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 15,719 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sigma Designs by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 164,767 shares of the semiconductor company’s stock worth $1,030,000 after purchasing an additional 17,747 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its position in shares of Sigma Designs by 65.1% during the third quarter. Global X MANAGEMENT CO LLC now owns 29,314 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 11,556 shares in the last quarter. Hedge funds and other institutional investors own 63.47% of the company’s stock.
Shares of Sigma Designs Inc (SIGM) traded down $0.05 during midday trading on Wednesday, reaching $5.85. 228,019 shares of the company traded hands, compared to its average volume of 763,936. Sigma Designs Inc has a fifty-two week low of $5.40 and a fifty-two week high of $7.00. The firm has a market capitalization of $224.96, a price-to-earnings ratio of -4.06 and a beta of 0.85.
Sigma Designs (NASDAQ:SIGM) last announced its quarterly earnings data on Thursday, December 7th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.18). Sigma Designs had a negative net margin of 35.55% and a negative return on equity of 30.17%. The business had revenue of $33.86 million during the quarter, compared to analyst estimates of $38.70 million.
A number of brokerages have recently issued reports on SIGM. Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a research report on Wednesday, January 24th. ValuEngine upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Lake Street Capital lowered shares of Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 price objective on the stock. in a report on Friday, December 8th. Benchmark restated a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. Finally, Craig Hallum lowered shares of Sigma Designs from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.53.
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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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