JPMorgan Chase & Co. Purchases 17,747 Shares of Sigma Designs Inc (SIGM)

JPMorgan Chase & Co. lifted its position in shares of Sigma Designs Inc (NASDAQ:SIGM) by 12.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,767 shares of the semiconductor company’s stock after acquiring an additional 17,747 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sigma Designs were worth $1,030,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Sigma Designs by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,215,759 shares of the semiconductor company’s stock worth $18,812,000 after acquiring an additional 38,299 shares during the last quarter. State Street Corp raised its position in shares of Sigma Designs by 10.4% during the second quarter. State Street Corp now owns 607,081 shares of the semiconductor company’s stock worth $3,553,000 after acquiring an additional 57,300 shares during the last quarter. Northern Trust Corp raised its position in shares of Sigma Designs by 9.7% during the second quarter. Northern Trust Corp now owns 415,627 shares of the semiconductor company’s stock worth $2,431,000 after acquiring an additional 36,749 shares during the last quarter. Menta Capital LLC raised its position in shares of Sigma Designs by 115.6% during the second quarter. Menta Capital LLC now owns 168,888 shares of the semiconductor company’s stock worth $988,000 after acquiring an additional 90,548 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Sigma Designs by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 156,553 shares of the semiconductor company’s stock worth $916,000 after acquiring an additional 8,072 shares during the last quarter. Institutional investors own 63.19% of the company’s stock.

A number of research firms have recently weighed in on SIGM. ValuEngine upgraded Sigma Designs from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Needham & Company LLC reiterated a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. Lake Street Capital downgraded Sigma Designs from a “buy” rating to a “hold” rating and set a $7.05 price objective for the company. in a report on Friday, December 8th. Benchmark reiterated a “hold” rating on shares of Sigma Designs in a report on Friday, December 8th. Finally, Craig Hallum downgraded Sigma Designs from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.53.

Shares of Sigma Designs Inc (NASDAQ:SIGM) opened at $6.98 on Friday. The company has a market capitalization of $270.22, a PE ratio of -4.85 and a beta of 1.08. Sigma Designs Inc has a fifty-two week low of $5.40 and a fifty-two week high of $7.00.

Sigma Designs (NASDAQ:SIGM) last released its quarterly earnings data on Thursday, December 7th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $33.86 million during the quarter, compared to the consensus estimate of $38.70 million. Sigma Designs had a negative net margin of 35.55% and a negative return on equity of 30.17%. equities analysts expect that Sigma Designs Inc will post -0.92 earnings per share for the current fiscal year.

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

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