GSI Technology (NASDAQ:GSIT) Receives New Coverage from Analysts at initiated coverage on shares of GSI Technology (NASDAQ:GSITGet Rating) in a report released on Saturday. The firm set a “hold” rating on the semiconductor company’s stock.

NASDAQ:GSIT opened at $3.19 on Friday. The firm has a 50-day simple moving average of $3.71 and a two-hundred day simple moving average of $4.43. The firm has a market cap of $78.10 million, a P/E ratio of -4.37 and a beta of 0.67. GSI Technology has a fifty-two week low of $2.99 and a fifty-two week high of $6.57.

GSI Technology (NASDAQ:GSITGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter. GSI Technology had a negative return on equity of 25.33% and a negative net margin of 53.04%. The business had revenue of $8.73 million during the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in GSI Technology by 167.5% during the first quarter. JPMorgan Chase & Co. now owns 8,623 shares of the semiconductor company’s stock worth $33,000 after buying an additional 5,400 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in GSI Technology in the first quarter worth about $67,000. Acadian Asset Management LLC purchased a new stake in GSI Technology in the fourth quarter worth about $75,000. Virtu Financial LLC purchased a new stake in GSI Technology in the fourth quarter worth about $84,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in GSI Technology in the fourth quarter worth about $99,000. Institutional investors own 23.28% of the company’s stock.

About GSI Technology (Get Rating)

GSI Technology, Inc, a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers static random access memory (SRAM) products, such as SyncBurst for microprocessor cache and other applications; No Bus Turnaround SRAMs to address the needs of networking and telecom applications; SigmaQuad and SigmaDDR products for density and random transaction rate requirements of networking and telecom applications; and radiation-hardened and radiation-tolerant SRAMs for aerospace and military applications, such as networking satellites and missiles.

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