Needham & Company LLC restated their hold rating on shares of GSI Technology (NASDAQ:GSIT) in a report released on Friday.
GSI Technology (GSIT) opened at $8.12 on Friday. The stock has a market capitalization of $160.71, a price-to-earnings ratio of -40.60 and a beta of 0.78. GSI Technology has a twelve month low of $5.58 and a twelve month high of $9.68.
GSI Technology (NASDAQ:GSIT) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $11.12 million during the quarter, compared to the consensus estimate of $10.50 million. GSI Technology had a negative return on equity of 7.11% and a negative net margin of 14.65%. GSI Technology’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of GSIT. Rhumbline Advisers bought a new position in shares of GSI Technology during the second quarter valued at $117,000. Teachers Advisors LLC bought a new position in shares of GSI Technology during the second quarter valued at $194,000. California State Teachers Retirement System bought a new position in shares of GSI Technology during the second quarter valued at $199,000. Strs Ohio increased its holdings in shares of GSI Technology by 56.7% during the third quarter. Strs Ohio now owns 29,300 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 10,600 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of GSI Technology during the second quarter valued at $248,000. Institutional investors and hedge funds own 32.01% of the company’s stock.
WARNING: “GSI Technology’s (GSIT) Hold Rating Reiterated at Needham & Company LLC” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/01/29/gsi-technologys-gsit-hold-rating-reiterated-at-needham-company-llc.html.
GSI Technology Company Profile
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.
Receive News & Ratings for GSI Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GSI Technology and related companies with MarketBeat.com's FREE daily email newsletter.