Sabal Capital Management adds Sigma Designs Inc (SIGM) to its portfolio

Sigma Designs Inc (SIGM) : Sabal Capital Management added new position in Sigma Designs Inc during the most recent quarter end. The investment management firm now holds 772,540 shares of Sigma Designs Inc which is valued at $4.9 Million , the company said in a statement filed on May 12, 2016 with the SEC.Sigma Designs Inc makes up approximately 8.38% of Sabal Capital Management’s portfolio.

Other Hedge Funds, Including , Zacks Investment Management sold out all of its stake in SIGM during the most recent quarter. The investment firm sold 15,283 shares of SIGM which is valued $96,436. Landscape Capital Management L.l.c. sold out all of its stake in SIGM during the most recent quarter. The investment firm sold 34,014 shares of SIGM which is valued $214,628.Blackrock Institutional Trust Company N.a. reduced its stake in SIGM by selling 64,895 shares or 6.91% in the most recent quarter. The Hedge Fund company now holds 874,115 shares of SIGM which is valued at $5.5 Million. Capital Fund Management S.a. added SIGM to its portfolio by purchasing 25,800 company shares during the most recent quarter which is valued at $167,184.Emerald Mutual Fund Advisers Trust reduced its stake in SIGM by selling 21,000 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 776,472 shares of SIGM which is valued at $4.9 Million. Sigma Designs Inc makes up approx 0.27% of Emerald Mutual Fund Advisers Trust’s portfolio.

Sigma Designs Inc opened for trading at $6.54 and hit $6.99 on the upside on Friday, eventually ending the session at $6.91, with a gain of 6.31% or 0.41 points. The heightened volatility saw the trading volume jump to 4,15,613 shares. Company has a market cap of $255,069 M.

On the company’s financial health, Sigma Designs Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $-0.05. The company had revenue of $51.50 million for the quarter, compared to analysts expectations of $51.27 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Sigma Designs Inc. is a provider of global integrated semiconductor solutions. The Company offers intelligent media platforms for use in the home entertainment and home control markets. It sells its products into four primary markets: smart television media connectivity set-top box and Internet of things (IoT) devices. Its products include Media Processor Media Connectivity Controllers IoT Devices and License Arrangements and Other Products. Smart television products consist of a range of platforms that are based on integrated chips embedded software and hardware reference designs. Media connectivity products consist of wired home networking controller chipsets that are designed to provide connectivity solutions between various home entertainment products and incoming video streams. Set-top box products consist of connected media processors and players. IoT devices consist of its wireless Z-Wave chipsets and modules.

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