GSI Technology (NASDAQ:GSIT) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of GSI Technologies (NASDAQ:GSITGet Rating) in a research be aware issued to traders on Thursday. The firm set a “hold” ranking on the semiconductor company’s stock.

Shares of NASDAQ GSIT opened at $3.40 on Thursday. The organization has a market capitalization of $83.24 million, a PE ratio of -4.66 and a beta of .67. GSI Know-how has a 1-calendar year lower of $2.99 and a 1-year superior of $6.21. The business’s fifty day relocating ordinary price is $3.58 and its two-hundred day going typical rate is $4.03.

GSI Technological innovation (NASDAQ:GSITGet Score) previous issued its quarterly earnings benefits on Thursday, Might 5th. The semiconductor business reported ($.18) EPS for the quarter. The small business experienced profits of $8.73 million for the quarter. GSI Know-how had a destructive net margin of 53.04% and a negative return on equity of 25.33%.

In other GSI Know-how news, Director Ruey-Lin Lu bought 19,645 shares of the inventory in a transaction dated Friday, May 20th. The shares have been purchased at an normal value of $3.22 for each share, with a total price of $63,256.90. Subsequent the completion of the acquisition, the director now owns 41,645 shares of the company’s inventory, valued at $134,096.90. The invest in was disclosed in a submitting with the SEC, which is obtainable by means of this url. Insiders have acquired 35,696 shares of organization stock well worth $117,248 about the past three months. Corporate insiders individual 35.10% of the company’s stock.

Hedge money have a short while ago created variations to their positions in the inventory. JPMorgan Chase & Co. boosted its stake in GSI Technologies by 167.5% in the course of the very first quarter. JPMorgan Chase & Co. now owns 8,623 shares of the semiconductor company’s stock valued at $33,000 right after getting an more 5,400 shares in the last quarter. Charles Schwab Expense Management Inc. bought a new position in GSI Technological innovation throughout the very first quarter valued at about $67,000. Acadian Asset Administration LLC acquired a new posture in GSI Know-how in the course of the fourth quarter valued at about $75,000. Connor Clark & Lunn Investment Management Ltd. bought a new situation in GSI Technological know-how during the fourth quarter valued at about $99,000. Finally, Shufro Rose & Co. LLC acquired a new placement in GSI Technology for the duration of the initial quarter valued at about $129,000. 23.28% of the stock is owned by institutional buyers and hedge cash.

About GSI Technological know-how (Get Score)

GSI Technologies, Inc, a fabless semiconductor firm, models, develops, and marketplaces semiconductor memory methods to networking, industrial, professional medical, aerospace, and armed service consumers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It gives static random accessibility memory (SRAM) merchandise, these kinds of as SyncBurst for microprocessor cache and other purposes No Bus Turnaround SRAMs to address the needs of networking and telecom apps SigmaQuad and SigmaDDR products and solutions for density and random transaction rate prerequisites of networking and telecom apps and radiation-hardened and radiation-tolerant SRAMs for aerospace and armed forces programs, this kind of as networking satellites and missiles.

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