News headlines about GSI Technology (NASDAQ:GSIT) have trended positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GSI Technology earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 44.6437455410573 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern’s analysis:
- GSI Technology (GSIT) Upgraded to C- by TheStreet (americanbankingnews.com)
- Free Research Report as Intel Reported Record Quarterly Revenues; Adjusted EPS Soared 37% (finance.yahoo.com)
- GSI Technology Announces Participation in the 30th Annual ROTH Conference (finance.yahoo.com)
- Insider Selling: GSI Technology, Inc. (GSIT) VP Sells 7,474 Shares of Stock (americanbankingnews.com)
A number of brokerages recently issued reports on GSIT. TheStreet raised GSI Technology from a “d+” rating to a “c-” rating in a research report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of GSI Technology in a research note on Friday, January 26th.
GSI Technology (NASDAQ:GSIT) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). The company had revenue of $11.12 million for the quarter, compared to analysts’ expectations of $10.50 million. GSI Technology had a negative net margin of 14.65% and a negative return on equity of 7.12%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share.
In related news, VP Robert Yau sold 7,474 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $8.01, for a total value of $59,866.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Didier Lasserre sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly 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 three months, insiders have sold 19,869 shares of company stock valued at $158,127. Company insiders own 34.20% of the company’s stock.
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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.
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