In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sigma Designs Inc. (NASDAQ:SIGM) reported that Soros Fund Management has picked up 4,068,819 of common stock as of 2017-04-14.
The acquisition brings the aggregate amount owned by Soros Fund Management to a total of 4,068,819 representing a 5.60% stake in the company.
For those not familiar with the company, 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. The Company’s media processor product line consists of a range of functionally similar platforms that are based on integrated chips, embedded software and hardware reference designs. The Company’s media connectivity product line consists of wired home networking controller chipsets that are designed to provide connectivity solutions between various home entertainment products and incoming video streams. The Company’s IoT devices product line consists of its wireless Z-Wave chips and modules. The Company is engaged in the license of its internally developed intellectual property. It also offers legacy products that are sold into prosumer and other industrial applications.
A glance at Sigma Designs Inc. (NASDAQ:SIGM)’s key stats reveals a current market capitalization of 211.77 Million based on 38.15 Million shares outstanding and a price at last close of $5.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-04-13, Soros picked up 133,857 at a purchase price of $5.64. This brings their total holding to 4,068,819 as of the date of the filing.
On the sell side, the most recent transaction saw Nader unload 976 shares at a sale price of $6.20. This brings their total holding to 58,345.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Sigma Designs Inc. (NASDAQ:SIGM) as things move forward to see if its progress aligns with these transactions.
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