GSI Technology (GSIT) Stock Rating Upgraded by TheStreet
Separately, Needham & Company LLC restated a hold rating on shares of GSI Technology in a research note on Friday, January 26th.
Shares of GSI Technology (NASDAQ GSIT) opened at $8.70 on Monday. The company has a market capitalization of $185.26, a PE ratio of -33.46 and a beta of 0.76. GSI Technology has a 12 month low of $6.05 and a 12 month high of $9.68.
In other news, VP Robert Yau sold 7,474 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $8.01, for a total value of $59,866.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Didier Lasserre sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $7.91, for a total value of $79,100.00. Following the completion of the sale, the vice president now owns 252,979 shares of the company’s stock, valued at $2,001,063.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,869 shares of company stock valued at $158,127. 34.20% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of GSIT. Deutsche Bank AG boosted its stake in GSI Technology by 144.0% during the 4th quarter. Deutsche Bank AG now owns 33,524 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 19,787 shares during the last quarter. Ariel Investments LLC boosted its stake in GSI Technology by 1.3% during the 4th quarter. Ariel Investments LLC now owns 1,876,484 shares of the semiconductor company’s stock valued at $14,937,000 after purchasing an additional 24,776 shares during the last quarter. BlackRock Inc. boosted its stake in GSI Technology by 1.5% during the 4th quarter. BlackRock Inc. now owns 678,224 shares of the semiconductor company’s stock valued at $5,398,000 after purchasing an additional 9,768 shares during the last quarter. Wells Fargo & Company MN boosted its stake in GSI Technology by 123.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,546 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 11,343 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in GSI Technology during the 4th quarter valued at about $168,000. Institutional investors own 31.32% of the company’s stock.
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About GSI Technology
GSI Technology, Inc is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment.
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