GigaMedia Limited (NASDAQ:GIGM) CEO Cheng-Ming Huang Buys 69,967 Shares

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GigaMedia Limited (NASDAQ:GIGM) CEO Cheng-Ming Huang acquired 69,967 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were acquired at an average price of $2.99 per share, with a total value of $209,201.33. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Cheng-Ming Huang also recently made the following trade(s):

  • On Thursday, August 16th, Cheng-Ming Huang bought 50,000 shares of GigaMedia stock. The stock was purchased at an average price of $3.04 per share, with a total value of $152,000.00.
  • On Tuesday, August 14th, Cheng-Ming Huang bought 60,000 shares of GigaMedia stock. The stock was purchased at an average price of $2.89 per share, with a total value of $173,400.00.

GigaMedia stock traded up $0.09 during trading hours on Friday, hitting $2.71. The stock had a trading volume of 8,963 shares, compared to its average volume of 42,345. GigaMedia Limited has a one year low of $2.36 and a one year high of $4.37.

GigaMedia (NASDAQ:GIGM) last posted its earnings results on Wednesday, August 1st. The technology company reported ($0.07) EPS for the quarter. The firm had revenue of $1.66 million during the quarter. GigaMedia had a negative net margin of 8.16% and a negative return on equity of 3.87%.

A hedge fund recently raised its stake in GigaMedia stock. Deutsche Bank AG raised its position in GigaMedia Limited (NASDAQ:GIGM) by 69.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,885 shares of the technology company’s stock after purchasing an additional 19,185 shares during the quarter. Deutsche Bank AG owned 0.42% of GigaMedia worth $142,000 as of its most recent SEC filing. 5.11% of the stock is owned by institutional investors.

About GigaMedia

GigaMedia Limited provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company offers mobile and browser-based casual games through FunTown-branded platform. Its portfolio of PC-based casual games include MahJong, a traditional Chinese tile game; sports games, Web-based RPG, and mobile games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.

See Also: Asset Allocation

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