BUZ INVESTORS Sigma Designs Shares of Sigma Designs (SIGM) leapt 7.14% by mid-afternoon Monday, the first trading day since billionaire investor George Soros

George Soros Doubles Stake in Sigma Designs

Chart | Calendar   | TRADE NOW |George Soros

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BUZ INVESTORS   Shares of Sigma Designs (SIGM) leapt 7.14% by mid-afternoon Monday, the first trading day since billionaire investor George Soros (Trades, Portfolio) announced he more than doubled his stake in the company to almost 11%, making him its biggest shareholder.

Sigma Designs is a semiconductor company with a $226.9 million market capitalization. Its media platforms power smart TVs and Internet-connected home devices like lighting and security systems. Soros’ New York-based Soros Fund Management, which manages around $30 billion for his family, bought 2.06 million shares of the company on April 12, increasing his position by 102.8%. According to the portfolio history, the fund has been growing its position in Sigma Designs in each quarter since the second of 2016 and last bought shares on Jan. 12.

Soros’ buy comes several weeks after the company reported earnings results for the three months ended Jan. 28. The quarter included a decrease in revenue to $42.7 million, the lowest since April 2014, from $51.5 million for the same period a year prior. Accounting for the decline was lower sales in both its smart TV and home devices markets.

The company also recorded a net loss of $8.7 million or 23 cents per share, compared to $6.2 million or 17 per share in losses one year prior.




Sigma Designs

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After the weak quarter, Sigma decided to hone in its focus on its business in the Internet of Things, a concept that all home devices can connect to the internet, from toasters to washing machines. It will also lower its operating expenses by 10% in 2018, according to the earnings release.

Sigma is one of 18 semiconductor companies in the portfolio of Soros, who historically makes bets on broad market or geopolitical trends. The latest purchase vaulted Sigma to the top of the list by size, followed by ChipMOS Technologies (IMOS), NXP Semiconductors NV (NXPI) and InvenSense Inc. (INVN) as of year-end.

Soros has had a choppy year, as the Trump rally that enriched many investors ran against his bearish thesis. He lost about $1 billion shorting the market in the months after the presidential election, according to the Wall Street Journal. Soros has built much of his fortune and reputation over the past three decades with currency bets against the British pound, Thai baht and Japanese yen.

See Soros’ portfolio here.

This article first appeared on GuruFocus.

 

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This Is Why George Soros Bought More AMZN Stock

This Is Why George Soros Bought More AMZN Stock

This Is Why George Soros Bought More AMZN Stock

  • Buz Investors George Soros Bought More AMZN George Soros was quite bullish on Amazon.com, Inc.(NASDAQ:AMZN) after the second quarter this year. The recent 13F filing by Soros Fund Management LLC shows that the fund owns 39,510 shares of the company.
  • This is a more-than-200% increase over the position reported in the second quarter of the year when the fund owned 12,537 shares. (Source: “Form 13F Information Table,” U.S. Securities and Exchange Commission, last accessed November 15, 2016.)
  • As of September 30, 2016, Soros Fund Management held Amazon shares worth $33.0 million. For the quarter ended June 30, the fund owned Amazon shares worth $9.0 million. The news may provide the much-needed push to AMZN stock in the short term.

George Soros Bought More AMZN 

This Is Why <a href=George Soros Bought More AMZN Stock" width="300" height="200" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/11/AMZN-Stock-300x200.resized-1.jpg?resize=300%2C200 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/11/AMZN-Stock-300x200.resized-1.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

George Soros Bought More AMZN Amazon stock had been one of the most-loved stocks in the past, on the back of its growing “Prime,” “Kindle,” and “Cloud” businesses. AMZN stock had touched the lows of around $480.00 in February and skyrocketed to an all-time high of $847.21 on October 6

Analysts had been quite bullish on the stock and were setting price targets for AMZN stock at $1,000 or more. There were huge expectations from the third-quarter results of the company as the previous two quarters had seen impressive growth and high profits

Other Stories Buz Traders Share

George Soros Bought More AMZN

 

George Soros has been a big critic of the president-elect. Soros supported the Democratic candidate, Hillary Clinton, throughout and was totally expecting her to win until the unthinkable happened. Technology stocks have been hammered following Trump’s win in the election, and there are few big names in Soros’ stocks.

In the case of Amazon.com, Inc., Donald Trump has a number of issues with the company. Trump had accused the Washington Post (which is owned by Amazon.com CEO Jeff Bezos) of campaigning against him. Trump had also made statements in his campaign that oligopolies should be broken up, and that Amazon is most likely to be subjected to this scrutiny.




Why George Soros Poured Over $25 Million into Intel Stock

Why George Soros Poured Over $25 Million into Intel Stock

Why George Soros Poured Over $25 Million into Intel Stock

  • Buz Investors George Soros, the billionaire investor, seems to believe that Intel Corporation (NASDAQ:INTC) stock is a winning ticket as a Securities and Exchange Commission Form 13f reveals that Soros purchased 685,500 shares of INTC stock at a value of $25,878,000. (Source: “United States Securities and Exchange Commission Form 13F Information Table,” United States Securities and Exchange Commission, November 14, 2016.)
  • Let’s start with the year in review. Intel stock had a weak beginning in 2016, falling in February to its lowest point, but recovered as time went on,
  • reaching its yearly-high (so far). All in all, besides dips and soars, ultimately it has been a stagnant year for the chip maker, rising less than one percent since the start of 2016. In the past month, though, the stock has taken a hit, falling about eight percent.

George Soros What Does George Soros See in INTC

Why <a href=George Soros Poured Over $25 Million into Intel Stock" width="300" height="187" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/11/Intel-Stock-300x187.resized.jpg?resize=300%2C187 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/11/Intel-Stock-300x187.resized.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

George Soros But open that range up to five years, and you see a marked improvement, with INTC stock gaining 38% in that time period, so it’s definitely been trending up in the long-term.

And then you have other promising events, like its “positive” rating restated by research analysts atSusquehanna Financial Group in a research note issued to investors today. (Source: “Intel Corp. (INTC) Rating Reiterated by Susquehanna,” The Cerbat Gem, November 14, 2016.)

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George Soros

But beyond positive events likes that, there’s an important quality of Intel stock worth noting: uninterrupted dividends for the past 24 years. That doesn’t mean the return streak will be infinitely long, but that’s a good sign all the same.
And despite challenging conditions in the PC market, the company has still seen growth in this year’s Q3. Intel reported that revenue from Client Computing Group, its PC chip segment, rose 4.5% year-over-year to $8.9 billion. (Source: “Intel Reports Record Quarterly Revenue of $15.8 Billion, Up 9 Percent Year-Over-Year; Operating Profit of $4.5 Billion,” Intel Corporation, October 18, 2016.)




Berkshire takes bigger bite of Apple, pares Wal-Mart

Berkshire takes bigger bite of Apple, pares Wal-Mart

Berkshire takes bigger bite of Apple, pares Wal-Mart

Berkshire takes bigger bite of Apple, pares Wal-Mart

Warren Buffett‘s Berkshire Hathaway Inc on Monday said it has increased its stake in Apple Inc by 55 percent, boosting its bet on the iPhone and iPod maker even as prominent investors like George Soros and Carl Icahn shed theirs.

Berkshire owned 15.23 million Apple shares worth $1.46 billion as of June 30, up from 9.81 million shares as of March 31, according to a regulatory filing from Buffett’s Omaha, Nebraska-based conglomerate.

The filing also said Berkshire cut its stake in Wal-Mart Stores Inc, the world’s largest retailer, by 27 percent to about 40.23 million shares from 55.24 million. Wal-Mart has been in Berkshire’s portfolio for more than a decade.

It was unclear whether Buffett or one of his portfolio managers, Todd Combs and Ted Weschler, are investing in Apple.

Berkshire owned more than $133 billion of equities as of June 30. Buffett is typically responsible for larger investments such as Wal-Mart, while his deputies handle smaller investments.

Berkshire also owns roughly 90 businesses including Geico car insurance, the BNSF railroad, Dairy Queen ice cream, Duracell batteries, and Fruit of the Loom underwear. It also paid $32.1 billion in January for aircraft and industrial parts maker Precision Castparts Corp, Buffett’s largest purchase.

Share prices often rise when investors perceive that Berkshire has given them its imprimatur, including the 3.7 percent one-day boost that Apple got in May after Berkshire unexpectedly revealed it had taken a stake.

Berkshire revealed its higher Apple stake on the same day George Soros’ firm Soros Fund Management and Leon Cooperman’s Omega Advisors Inc said they dissolved their own Apple stakes.

Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring

Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring



Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring

These Investors Are Bullish on Gold Prices

Gold prices continue to trend higher, with the yellow precious metal up well over 25% year-to-date. Don’t think that’s all, though. Gold prices could soar significantly from here.

Here’s what you need to realize: gold prices took a hit between 2013 and 2015 because deep-pocketed investors—institutional investors—ran for the exits.

These investors didn’t believe in gold. Their thinking was simple and naïve. They thought the metal was useless and had no spot in a portfolio, as interest rates were expected to go.

Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring

could soar significantly from here.

Here’s what you need to realize: gold prices took a hit between 2013 and 2015 because deep-pocketed investors—institutional investors—ran for the exits.

These investors didn’t believe in gold. Their thinking was simple and naïve. They thought the metal was useless and had no spot in a portfolio, as interest rates were expected to go.

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You should also know that Bill Gross isn’t the only big institutional investor who’s had a change of heart regarding gold prices. Jeffrey Gundlach, the chief executive of DoubleLine Capital, oversees $100 billion in assets and he’s turning bullish on gold as well.

Gundlach said that his firm holds gold and gold miners and that he considers gold a safe-haven investment. Gundlach added that gold miners are the best alternative to Treasuries. (Source: “‘Sell everything,’ DoubleLine’s Gundlach says,” Reuters, July 30, 2016.)

George Soros is also bullish on gold prices. He’s known as “the man who broke the Bank of England.” After a long time off trading, the legendary investor is stepping back in again. Soros Fund Management LLC, which manages $30.0 billion in assets, owns gold mining companies. (Source: “A Bearish George Soros Is Trading Again,” The Wall Street Journal, June 9, 2016.)

The post Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring appeared first on Profit Confidential.