Stock analysts at StockNews.com started coverage on shares of GSI Technology (NASDAQ:GSIT – Get Rating) in a report released on Monday. The brokerage set a “hold” rating on the semiconductor company’s stock.
GSI Technology Trading Down 0.5 %
Shares of GSIT opened at $1.86 on Monday. The business’s fifty day simple moving average is $2.37 and its two-hundred day simple moving average is $3.17. GSI Technology has a 12 month low of $1.77 and a 12 month high of $6.21. The company has a market cap of $45.67 million, a price-to-earnings ratio of -2.82 and a beta of 0.70.
Institutional Trading of GSI Technology
Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of GSI Technology by 7.9% during the 1st quarter. State Street Corp now owns 45,982 shares of the semiconductor company’s stock valued at $176,000 after buying an additional 3,383 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in shares of GSI Technology during the first quarter valued at about $67,000. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 5,400 shares in the last quarter. Cowen Prime Advisors LLC grew its position in GSI Technology by 1.5% in the second quarter. Cowen Prime Advisors LLC now owns 187,593 shares of the semiconductor company’s stock worth $647,000 after acquiring an additional 2,855 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in GSI Technology by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 62,861 shares of the semiconductor company’s stock worth $240,000 after acquiring an additional 2,617 shares in the last quarter. 22.22% of the stock is currently owned by hedge funds and other institutional investors.
GSI Technology Company Profile
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.
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