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Why Sigma Designs, Inc. Shares Rose 11.1% in July

TheMotleyFool

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Why Sigma Designs, Inc. Shares Rose 11.1% in July

Shares of Sigma Designs (NASDAQ: SIGM) gained 11.1% in July 2017, according to data from S&P Global Market Intelligence.

The maker of microchips powering smart TV sets and smart home devices saw share prices surge 10% higher July 26, when the company's board of directors let it be known that Sigma Designs is up for sale. The technical term is that Sigma is "exploring strategic alternatives" under the wing of a major investment bank, but an all-out sale of the company is definitely on the table now.

Image source: Getty Images.

Source: Fool.com