Insider Buying: GigaMedia Limited (GIGM) CEO Acquires $105,126.00 in Stock
GigaMedia Limited (NASDAQ:GIGM) CEO Cheng-Ming Huang purchased 35,042 shares of the stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of $3.00 per share, for a total transaction of $105,126.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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 bought at an average price of $2.94 per share, for a total transaction of $161,905.80.
Shares of GigaMedia Limited (GIGM) opened at $3.01 on Friday. The company has a market capitalization of $33.71, a price-to-earnings ratio of -12.04 and a beta of 1.14. GigaMedia Limited has a 1-year low of $2.73 and a 1-year high of $3.70.
GigaMedia (NASDAQ:GIGM) last announced its earnings results on Tuesday, October 31st. The technology company reported ($0.01) EPS for the quarter. The business had revenue of $2.30 million for the quarter. GigaMedia had a negative return on equity of 2.53% and a negative net margin of 24.06%.
A hedge fund recently bought a new stake in GigaMedia stock. Susquehanna International Group LLP purchased a new stake in shares of GigaMedia Limited (NASDAQ:GIGM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,903 shares of the technology company’s stock, valued at approximately $126,000. Susquehanna International Group LLP owned 0.36% of GigaMedia as of its most recent SEC filing. Hedge funds and other institutional investors own 3.66% of the company’s stock.
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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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