Is Sigma Designs Inc (SIGM) A Good Stock To Buy?

Consequently, key money managers were breaking ground themselves. Fisher Asset Management, managed by Ken Fisher, established the biggest position in Sigma Designs Inc (NASDAQ:SIGM). Fisher Asset Management had $1.5 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also initiated a $1.1 million position during the quarter. The other funds with new positions in the stock are Peter Muller’s PDT Partners, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Josh Goldberg’s G2 Investment Partners Management.

Let’s now review hedge fund activity in other stocks similar to Sigma Designs Inc (NASDAQ:SIGM). We will take a look at RadNet Inc. (NASDAQ:RDNT), Kandi Technolgies Corp. (NASDAQ:KNDI), Natural Gas Services Group, Inc. (NYSE:NGS), and Immune Desing Corp (NASDAQ:IMDZ). This group of stocks’ market caps are closest to SIGM’s market cap.

As you can see these stocks had an average of 8.25 hedge funds with bullish positions and the average amount invested in these stocks was $21 million. That figure was $33 million in SIGM’s case. RadNet Inc. (NASDAQ:RDNT) is the most popular stock in this table. On the other hand Kandi Technolgies Corp. (NASDAQ:KNDI) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Sigma Designs Inc (NASDAQ:SIGM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.