GSI Technology (NASDAQ:GSIT) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com began coverage on shares of GSI Technology (NASDAQ:GSIT – Get Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the semiconductor company’s stock.

GSI Technology Stock Performance

Shares of GSIT opened at $1.92 on Friday. The business has a 50-day moving average of $1.94 and a 200 day moving average of $2.78. GSI Technology has a fifty-two week low of $1.57 and a fifty-two week high of $4.95. The firm has a market cap of $47.14 million, a P/E ratio of -2.91 and a beta of 0.84.

GSI Technology (NASDAQ:GSIT – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $8.95 million for the quarter. GSI Technology had a negative net margin of 46.55% and a negative return on equity of 25.69%.

Institutional Trading of GSI Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Cowen Prime Advisors LLC lifted its holdings in GSI Technology by 1.5% during the second quarter. Cowen Prime Advisors LLC now owns 187,593 shares of the semiconductor company’s stock valued at $647,000 after purchasing an additional 2,855 shares in the last quarter. State Street Corp increased its position in GSI Technology by 7.9% during the first quarter. State Street Corp now owns 45,982 shares of the semiconductor company’s stock valued at $176,000 after acquiring an additional 3,383 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of GSI Technology by 167.5% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in GSI Technology in the first quarter worth about $67,000. 21.86% of the stock is currently owned by institutional investors.

GSI Technology Company Profile

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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. The company's associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.