Sabal Capital Management Lowers stake in Sigma Designs Inc (SIGM)

Sigma Designs Inc (SIGM) : Sabal Capital Management reduced its stake in Sigma Designs Inc by 6.94% during the most recent quarter end. The investment management company now holds a total of 718,933 shares of Sigma Designs Inc which is valued at $4,975,016 after selling 53,607 shares in Sigma Designs Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Sigma Designs Inc makes up approximately 10.71% of Sabal Capital Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in SIGM in the latest quarter, The investment management firm added 3,123 additional shares and now holds a total of 245,778 shares of Sigma Designs Inc which is valued at $1,700,784.Blackrock Institutional Trust Company N.a. reduced its stake in SIGM by selling 6,191 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 867,924 shares of SIGM which is valued at $6,006,034. Top Ace Asset Management Ltd added SIGM to its portfolio by purchasing 1,196,056 company shares during the most recent quarter which is valued at $8,204,944. Sigma Designs Inc makes up approx 12.07% of Top Ace Asset Management Ltd’s portfolio.Fuller Thaler Asset Management reduced its stake in SIGM by selling 59,200 shares or 12.28% in the most recent quarter. The Hedge Fund company now holds 422,863 shares of SIGM which is valued at $2,900,840. Sigma Designs Inc makes up approx 0.05% of Fuller Thaler Asset Management’s portfolio.

Sigma Designs Inc closed down -0.05 points or -0.66% at $7.5 with 2,51,892 shares getting traded on Monday. Post opening the session at $7.56, the shares hit an intraday low of $7.32 and an intraday high of $7.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Sigma Designs Inc reported $-0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Jun 6, 2016. Analyst had a consensus of $-0.05. The company had revenue of $53.80 million for the quarter, compared to analysts expectations of $53.90 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 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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