GSI Technology (NASDAQ:GSIT) Now Covered by StockNews.com

StockNews.com started coverage on shares of GSI Technology (NASDAQ:GSITGet Rating) in a report released on Friday. The firm issued a hold rating on the semiconductor company’s stock.

NASDAQ GSIT traded up $0.11 during trading hours on Friday, hitting $3.12. The company had a trading volume of 37,923 shares, compared to its average volume of 14,456. GSI Technology has a 1-year low of $3.00 and a 1-year high of $6.57. The business has a 50 day moving average of $3.79 and a 200-day moving average of $4.49.

Several institutional investors and hedge funds have recently made changes to their positions in GSIT. Royal Bank of Canada boosted its stake in shares of GSI Technology by 265.4% during the second quarter. Royal Bank of Canada now owns 30,340 shares of the semiconductor company’s stock worth $170,000 after buying an additional 22,036 shares during the period. Citadel Advisors LLC raised its holdings in GSI Technology by 186.1% during the second quarter. Citadel Advisors LLC now owns 29,259 shares of the semiconductor company’s stock worth $164,000 after purchasing an additional 19,032 shares in the last quarter. BlackRock Inc. raised its holdings in GSI Technology by 79.1% during the third quarter. BlackRock Inc. now owns 86,947 shares of the semiconductor company’s stock worth $458,000 after purchasing an additional 38,413 shares in the last quarter. King Luther Capital Management Corp raised its holdings in GSI Technology by 21.2% during the third quarter. King Luther Capital Management Corp now owns 200,000 shares of the semiconductor company’s stock worth $1,056,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in GSI Technology by 8.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 60,244 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 23.28% of the company’s stock.

GSI Technology Company Profile (Get Rating)

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. It offers static random access memory (SRAM) products, such as SyncBurst for microprocessor cache and other applications; No Bus Turnaround SRAMs to address the needs of networking and telecom applications; SigmaQuad and SigmaDDR products for density and random transaction rate requirements of networking and telecom applications; and radiation-hardened and radiation-tolerant SRAMs for aerospace and military applications, such as networking satellites and missiles.

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