True Bearing Asset Management Lp Lowers stake in Sigma Designs Inc (SIGM)

Sigma Designs Inc (SIGM) : True Bearing Asset Management Lp reduced its stake in Sigma Designs Inc by 4.92% during the most recent quarter end. The investment management company now holds a total of 188,088 shares of Sigma Designs Inc which is valued at $1,301,569 after selling 9,729 shares in Sigma Designs Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sigma Designs Inc makes up approximately 3.14% of True Bearing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Boothbay Fund Management added SIGM to its portfolio by purchasing 53,584 company shares during the most recent quarter which is valued at $370,801. Sigma Designs Inc makes up approx 0.16% of Boothbay Fund Management’s portfolio.Renaissance Technologies reduced its stake in SIGM by selling 37,400 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 1,928,000 shares of SIGM which is valued at $13,341,760. Sigma Designs Inc makes up approx 0.02% of Renaissance Technologies’s portfolio.Royce Associates Lp boosted its stake in SIGM in the latest quarter, The investment management firm added 145,256 additional shares and now holds a total of 1,955,238 shares of Sigma Designs Inc which is valued at $13,393,380. Sigma Designs Inc makes up approx 0.08% of Royce Associates Lp’s portfolio. Strs Ohio sold out all of its stake in SIGM during the most recent quarter. The investment firm sold 55,000 shares of SIGM which is valued $374,550.

Sigma Designs Inc opened for trading at $7.48 and hit $7.68 on the upside on Thursday, eventually ending the session at $7.64, with a gain of 1.73% or 0.13 points. The heightened volatility saw the trading volume jump to 2,58,501 shares. Company has a market cap of $283 M.

On the company’s financial health, Sigma Designs Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Sep 6, 2016. Analyst had a consensus of $0.01. The company had revenue of $61.32 million for the quarter, compared to analysts expectations of $61.19 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 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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