GSI Technology (GSIT) Rating Increased to B- at TheStreet

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GSI Technology (NASDAQ:GSIT) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Wednesday.

A number of other research analysts have also recently issued reports on the company. ValuEngine upgraded GSI Technology from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Needham & Company LLC reiterated a “hold” rating on shares of GSI Technology in a research note on Thursday, February 14th.

GSIT opened at $8.13 on Wednesday. The company has a market capitalization of $178.34 million, a PE ratio of 809.00 and a beta of 1.44. GSI Technology has a 52 week low of $4.62 and a 52 week high of $9.00.

GSI Technology (NASDAQ:GSIT) last announced its quarterly earnings data on Thursday, January 31st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $14.70 million during the quarter. GSI Technology had a return on equity of 0.60% and a net margin of 1.06%.

In other GSI Technology news, CEO Lee-Lean Shu sold 61,875 shares of GSI Technology stock in a transaction on Friday, January 25th. The stock was sold at an average price of $9.00, for a total value of $556,875.00. Following the completion of the sale, the chief executive officer now owns 1,782,417 shares of the company’s stock, valued at approximately $16,041,753. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Didier Lasserre sold 10,625 shares of GSI Technology stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $7.67, for a total value of $81,493.75. Following the completion of the sale, the vice president now directly owns 263,604 shares of the company’s stock, valued at approximately $2,021,842.68. The disclosure for this sale can be found here. Insiders have sold 74,500 shares of company stock valued at $654,769 in the last quarter. 36.30% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of GSIT. Bank of America Corp DE grew its holdings in shares of GSI Technology by 875.9% in the second quarter. Bank of America Corp DE now owns 13,673 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 12,272 shares during the period. Alambic Investment Management L.P. grew its holdings in shares of GSI Technology by 100.6% in the third quarter. Alambic Investment Management L.P. now owns 23,116 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 11,592 shares during the period. Cowen Prime Services LLC grew its holdings in shares of GSI Technology by 19.3% in the fourth quarter. Cowen Prime Services LLC now owns 73,583 shares of the semiconductor company’s stock worth $378,000 after acquiring an additional 11,927 shares during the period. Perritt Capital Management Inc. grew its holdings in shares of GSI Technology by 130.2% in the fourth quarter. Perritt Capital Management Inc. now owns 80,000 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 45,249 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of GSI Technology by 16.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 60,229 shares of the semiconductor company’s stock worth $416,000 after acquiring an additional 8,473 shares during the period. 29.21% of the stock is owned by institutional investors and hedge funds.

GSI Technology Company Profile

GSI Technology, Inc, a fabless semiconductor company, designs, develops, and markets memory products primarily for the networking and telecommunications markets in the United States, China, Singapore, the Netherlands, and internationally. It offers synchronous static random access memory (SRAM) products, such as BurstRAMs for microprocessor cache applications; No Bus Turnaround SRAMs to address the needs of moderate performance networking applications; SigmaQuad and SigmaDDR products that are double data rate and quad data rate synchronous SRAMs; and radiation-hardened SRAMs for aerospace and military applications, such as networking satellites and missiles.

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