Equities research analysts at StockNews.com assumed coverage on shares of GSI Technology (NASDAQ:GSIT – Get Rating) in a research report issued on Sunday. The brokerage set a “hold” rating on the semiconductor company’s stock.
GSI Technology Price Performance
NASDAQ GSIT opened at $1.54 on Friday. The business has a 50 day simple moving average of $1.85 and a 200 day simple moving average of $2.26. GSI Technology has a one year low of $1.50 and a one year high of $4.40. The stock has a market capitalization of $38.01 million, a P/E ratio of -2.30 and a beta of 0.92.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of GSI Technology by 167.5% during the 1st 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 during the period. Charles Schwab Investment Management Inc. purchased a new position in shares of GSI Technology in the 1st quarter worth about $67,000. State Street Corp boosted its holdings in 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 acquiring an additional 3,383 shares during the period. Finally, Cowen Prime Advisors LLC raised its position in GSI Technology by 118.5% during the 4th quarter. Cowen Prime Advisors LLC now owns 409,052 shares of the semiconductor company’s stock valued at $708,000 after purchasing an additional 221,881 shares during the last quarter. Hedge funds and other institutional investors own 21.86% of the company’s stock.
About GSI Technology
GSI Technology, Inc engages in the design, development and marketing of memory products primarily for the networking, and telecommunications markets. Its product includes Static Random Access Memory, or SRAM, which incorporated in networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment.
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