Deutsche Bank AG grew its position in GigaMedia Limited (NASDAQ:GIGM) by 69.3% during the fourth quarter, Holdings Channel reports. The fund owned 46,885 shares of the technology company’s stock after acquiring an additional 19,185 shares during the quarter. Deutsche Bank AG’s holdings in GigaMedia were worth $142,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC increased its stake in GigaMedia by 69.1% in the 4th quarter. Renaissance Technologies LLC now owns 46,786 shares of the technology company’s stock worth $142,000 after acquiring an additional 19,111 shares during the last quarter. 5.15% of the stock is owned by institutional investors and hedge funds.
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NASDAQ:GIGM opened at $2.95 on Thursday. GigaMedia Limited has a 1 year low of $2.36 and a 1 year high of $4.37.
GigaMedia (NASDAQ:GIGM) last released its quarterly earnings data on Thursday, March 29th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. GigaMedia had a negative return on equity of 1.07% and a net margin of 10.33%. The firm had revenue of $2.03 million during the quarter.
Separately, TheStreet downgraded GigaMedia from a “c-” rating to a “d+” rating in a research note on Monday, March 19th.
GigaMedia Limited provides online and mobile games, and cloud computing services in Taiwan and internationally. Its portfolio of online games include MahJong, a traditional Chinese title game; non-cash gambling or casino casual games, sports games, Web-based RPG, and mobile games through FunTown-branded platform; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.
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