Dupont Capital Management Corp Invests $379,000 in Sigma Designs Inc (SIGM) Stock

Dupont Capital Management Corp bought a new stake in Sigma Designs Inc (NASDAQ:SIGM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,525 shares of the semiconductor company’s stock, valued at approximately $379,000. Dupont Capital Management Corp owned approximately 0.14% of Sigma Designs as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC lifted its holdings 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 valued at $115,000 after purchasing an additional 4,097 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Sigma Designs by 18.7% in the second quarter. The Manufacturers Life Insurance Company now owns 35,550 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 5,611 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sigma Designs by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 156,553 shares of the semiconductor company’s stock valued at $916,000 after purchasing an additional 8,072 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in shares of Sigma Designs by 65.1% in the third quarter. Global X MANAGEMENT CO LLC now owns 29,314 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 11,556 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Sigma Designs by 97.4% in the second quarter. Parametric Portfolio Associates LLC now owns 26,235 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 12,947 shares in the last quarter. Institutional investors own 63.47% of the company’s stock.

Sigma Designs Inc (NASDAQ SIGM) traded up $0.05 during midday trading on Friday, hitting $5.90. 337,713 shares of the stock were exchanged, compared to its average volume of 928,170. Sigma Designs Inc has a 1-year low of $5.40 and a 1-year high of $7.00.

Sigma Designs (NASDAQ:SIGM) last posted its earnings results on Thursday, December 7th. The semiconductor company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.18). The business had revenue of $33.86 million for the quarter, compared to analyst estimates of $38.70 million. Sigma Designs had a negative return on equity of 30.17% and a negative net margin of 35.55%.

A number of research firms have recently weighed in on SIGM. Craig Hallum downgraded shares of Sigma Designs from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Friday, December 8th. ValuEngine raised shares of Sigma Designs from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Lake Street Capital downgraded shares of Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 price target on the stock. in a research note on Friday, December 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Sigma Designs in a research note on Friday, December 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Sigma Designs 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.

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

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