GSI Technology, Inc. (NASDAQ:GSIT) Director Ruey-Lin Lu Acquires 19,645 Shares

GSI Technology, Inc. (NASDAQ:GSITGet Rating) Director Ruey-Lin Lu acquired 19,645 shares of GSI Technology stock in a transaction on Friday, May 20th. The shares were bought at an average price of $3.22 per share, for a total transaction of $63,256.90. Following the completion of the purchase, the director now directly owns 41,645 shares in the company, valued at $134,096.90. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Ruey-Lin Lu also recently made the following trade(s):

  • On Monday, May 23rd, Ruey-Lin Lu acquired 5,000 shares of GSI Technology stock. The shares were bought at an average price of $3.18 per share, for a total transaction of $15,900.00.

Shares of GSI Technology stock remained flat at $$3.55 during trading hours on Tuesday. 11,494 shares of the stock were exchanged, compared to its average volume of 21,700. The business’s 50 day moving average price is $3.69 and its 200 day moving average price is $4.38. GSI Technology, Inc. has a one year low of $2.99 and a one year high of $6.57. The stock has a market capitalization of $86.91 million, a PE ratio of -4.86 and a beta of 0.67.

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

Separately, StockNews.com began coverage on shares of GSI Technology in a research report on Saturday. They issued a “hold” rating on the stock.

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of GSI Technology by 7.9% in the 1st quarter. State Street Corp now owns 45,982 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 3,383 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in shares of GSI Technology in the first quarter worth about $67,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 5,400 shares during the period. Shufro Rose & Co. LLC acquired a new stake in shares of GSI Technology during the first quarter worth approximately $129,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of GSI Technology by 4.3% during the first quarter. Commonwealth Equity Services LLC now owns 62,861 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 2,617 shares during the period. 23.28% of the stock is currently owned by hedge funds and other institutional investors.

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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