Wells Fargo & Company MN Grows Stake in Sigma Designs Inc (SIGM)

Wells Fargo & Company MN grew its holdings in Sigma Designs Inc (NASDAQ:SIGM) by 72.4% during the 3rd quarter, Holdings Channel reports. The firm owned 37,418 shares of the semiconductor company’s stock after buying an additional 15,719 shares during the period. Wells Fargo & Company MN’s holdings in Sigma Designs were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SIGM. Ironwood Investment Management LLC grew its position in shares of Sigma Designs by 205.8% in the third quarter. Ironwood Investment Management LLC now owns 97,058 shares of the semiconductor company’s stock valued at $611,000 after purchasing an additional 65,324 shares during the last quarter. State Street Corp grew its position in shares of Sigma Designs by 10.4% in the second quarter. State Street Corp now owns 607,081 shares of the semiconductor company’s stock valued at $3,553,000 after purchasing an additional 57,300 shares during the last quarter. Citadel Advisors LLC grew its position in shares of Sigma Designs by 819.2% in the second quarter. Citadel Advisors LLC now owns 52,107 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 46,438 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sigma Designs by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,215,759 shares of the semiconductor company’s stock valued at $18,812,000 after purchasing an additional 38,299 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Sigma Designs by 9.7% in the second quarter. Northern Trust Corp now owns 415,627 shares of the semiconductor company’s stock valued at $2,431,000 after purchasing an additional 36,749 shares during the last quarter. Institutional investors and hedge funds own 62.61% of the company’s stock.

Several analysts have recently commented on the stock. 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 research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Sigma Designs from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Lake Street Capital lowered 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 report on Friday, December 8th. Finally, Benchmark restated a “hold” rating on shares of Sigma Designs in a research report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Sigma Designs currently has an average rating of “Hold” and an average price target of $7.53.

Shares of Sigma Designs Inc (SIGM) opened at $5.85 on Thursday. Sigma Designs Inc has a 1 year low of $5.40 and a 1 year high of $7.00. The stock has a market cap of $215.27, a P/E ratio of -4.10 and a beta of 0.85.

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

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

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