Cheng-Ming Huang Purchases 35,042 Shares of GigaMedia Limited (GIGM) Stock

GigaMedia Limited (NASDAQ:GIGM) CEO Cheng-Ming Huang purchased 35,042 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $105,126.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Wednesday, December 6th, Cheng-Ming Huang purchased 55,070 shares of GigaMedia stock. The stock was acquired at an average price of $2.94 per share, for a total transaction of $161,905.80.

GigaMedia Limited (GIGM) opened at $3.05 on Thursday. GigaMedia Limited has a 52 week low of $2.73 and a 52 week high of $3.70.

GigaMedia (NASDAQ:GIGM) last issued its quarterly earnings results on Tuesday, October 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter. GigaMedia had a negative net margin of 24.06% and a negative return on equity of 2.53%. The business had revenue of $2.30 million during the quarter.

An institutional investor recently bought a new position in GigaMedia stock. Susquehanna International Group LLP purchased a new stake in GigaMedia Limited (NASDAQ:GIGM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 39,903 shares of the technology company’s stock, valued at approximately $126,000. Susquehanna International Group LLP owned about 0.36% of GigaMedia as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.66% of the company’s stock.

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GigaMedia Company Profile

GigaMedia Limited is a holding company with a portfolio of businesses providing online games and cloud computing services. The Company operates through two segments: Asian online game and service, and cloud service business. The Company has online game operations in Taiwan, Hong Kong and Macau and a cloud computing software and services business based in Taipei.

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