Sigma Designs, Inc. (NASDAQ:SIGM) produced a 16.35% rally since recording the worst price of $5.20. Thanks to the latest 7.08% increase, it now trades at $6.05. Throughout the trading on 11/16/2017, the share price floated between $5.725 and $6.075. This company shares are 23.97% off its target price of $7.5 and the current market capitalization stands at $232.99M. The recent change has given its price a -0.99% deficit over SMA 50 and -27.11% deficit over its 52-week high. The stock witnessed -5.47% declines, -2.42% declines and -1.63% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SIGM’s volatility during a week at 3.64% and during a month it has been found around 3.57%.Sigma Designs, Inc. (SIGM) Top Holders
Institutional investors currently hold around $148 million or 66.4% in SIGM stock. Look at its top three institutional owners. Soros Fund Management Llc owns $28.92 million in Sigma Designs, Inc., which represents roughly 12.41% of the company’s market cap and approximately 19.54% of the institutional ownership. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 3,139,590 shares of the stock are valued at $17.74 million. The third largest holder is Blackrock Inc., which currently holds $12.9 million worth of this stock and that ownership represents nearly 5.54% of its market capitalization.
At the end of 09/30/2017 reporting period, 40 institutional holders increased their position in Sigma Designs, Inc. (NASDAQ:SIGM) by some 2,817,892 shares, 40 decreased positions by 1,956,049 and 17 held positions by 21,347,043. That puts total institutional holdings at 26,120,984 shares, according to SEC filings. The stock grabbed 11 new institutional investments totaling 1,268,977 shares while 21 institutional investors sold out their entire positions totaling 1,573,965 shares.Sigma Designs, Inc. (NASDAQ:SIGM) Insider Trades
Multiple company employees have indulged in significant insider trading. Sigma Designs, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Soros Fund Management Llc has acquired 32,123 shares of Sigma Designs, Inc. (SIGM) in trading session dated Sep. 15, 2017. These shares are worth $186,956 and were traded at $5.82 each. The SEC filing shows that Soros Fund Management Llc performed a purchase of 65,625 shares. The 10% Owner added these shares by way of transaction on Sep. 14, 2017. The company’s shares were assimilated at $5.86 per share worth to an investment of some $384,563 on account of Soros Fund Management Llc.
10% Owner, Soros Fund Management Llc, purchased 7,210 common shares of Sigma Designs, Inc. (SIGM) in the open market. In a transaction dated Sep. 08, 2017, the shares were bought at an average price of $5.83, giving away a sum of $42,034. After this purchase, 5,021,041 common shares of SIGM are directly owned by the insider, with total stake valued at $30,377,298.
In the transaction dated Jul. 11, 2017, the great number of shares acquired came courtesy the 10% Owner; Soros Fund Management Llc added a total of 44,505 shares at an average price of $5.61, amounting to approximately $249,673. The insider now directly owns 5,013,831 shares worth $30,333,678.Sigma Designs, Inc. (SIGM) Analyst Guide
Several analysts have released their opinion on Sigma Designs, Inc. (NASDAQ:SIGM), with 2 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.6 average brokerage recommendation.