GSI Technology (NASDAQ:GSIT) Receiving Favorable News Coverage, Report Finds

News headlines about GSI Technology (NASDAQ:GSIT) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. 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 assigned news coverage about the semiconductor company an impact score of 44.6437455410573 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several research firms have recently weighed in on GSIT. TheStreet raised shares of GSI Technology from a “d+” rating to a “c-” rating in a research report on Monday, March 12th. Needham & Company LLC reissued a “hold” rating on shares of GSI Technology in a research report on Friday, January 26th.

Shares of GSI Technology stock opened at $8.40 on Thursday. The firm has a market cap of $182.49, a PE ratio of -28.97 and a beta of 0.76. GSI Technology has a 1 year low of $6.05 and a 1 year high of $8.94.

GSI Technology (NASDAQ:GSIT) last released its earnings results on Thursday, January 25th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). GSI Technology had a negative return on equity of 7.12% and a negative net margin of 14.65%. The company had revenue of $11.12 million during the quarter, compared to the consensus estimate of $10.50 million. During the same period in the previous year, the firm posted $0.02 EPS. GSI Technology’s revenue for the quarter was down 3.1% on a year-over-year basis.

In other news, VP Didier Lasserre sold 10,000 shares of GSI Technology stock in a transaction dated 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 approximately $2,001,063.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Yau sold 7,474 shares of GSI Technology stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $8.01, for a total transaction of $59,866.74. The disclosure for this sale can be found here. Insiders sold a total of 19,869 shares of company stock valued at $158,127 over the last ninety days. 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.

Insider Buying and Selling by Quarter for GSI Technology (NASDAQ:GSIT)

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