GSI Technology (NASDAQ:GSIT) Receives New Coverage from Analysts at started coverage on shares of GSI Technology (NASDAQ:GSITGet Rating) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the semiconductor company’s stock.

Shares of GSIT opened at $3.65 on Tuesday. The stock has a 50 day moving average price of $3.61 and a 200 day moving average price of $4.16. The stock has a market capitalization of $89.36 million, a price-to-earnings ratio of -5.00 and a beta of 0.67. GSI Technology has a one year low of $2.99 and a one year high of $6.21.

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

In other GSI Technology news, Director Ruey-Lin Lu purchased 19,645 shares of GSI Technology stock in a transaction dated Friday, May 20th. The stock was acquired at an average cost of $3.22 per share, with a total value of $63,256.90. Following the acquisition, the director now directly owns 41,645 shares of the company’s stock, valued at $134,096.90. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired a total of 35,696 shares of company stock worth $117,248 over the last quarter. Company insiders own 35.10% of the company’s stock.

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in GSI Technology by 167.5% during the first quarter. JPMorgan Chase & Co. now owns 8,623 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 5,400 shares during the period. Acadian Asset Management LLC acquired a new stake in GSI Technology during the fourth quarter valued at approximately $75,000. Charles Schwab Investment Management Inc. acquired a new stake in GSI Technology during the first quarter valued at approximately $67,000. Virtu Financial LLC acquired a new stake in GSI Technology during the fourth quarter valued at approximately $84,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of GSI Technology during the fourth quarter valued at approximately $99,000. 23.28% of the stock is owned by institutional investors and hedge funds.

GSI Technology Company Profile (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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