GSI Technology (NASDAQ:GSIT – Get Rating) is set to release its earnings data after the market closes on Thursday, January 26th. GSI Technology has set its Q3 2023 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
GSI Technology (NASDAQ:GSIT – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $8.95 million for the quarter. GSI Technology had a negative return on equity of 25.69% and a negative net margin of 46.55%.
GSI Technology Stock Down 5.5 %
Shares of NASDAQ:GSIT traded down $0.12 during trading on Tuesday, hitting $1.98. 13,158 shares of the company were exchanged, compared to its average volume of 18,997. The business’s 50 day moving average is $1.97 and its 200-day moving average is $2.66. The company has a market capitalization of $48.62 million, a P/E ratio of -3.00 and a beta of 0.84. GSI Technology has a 1-year low of $1.57 and a 1-year high of $4.64.
Analyst Ratings Changes
Institutional Trading of GSI Technology
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in GSI Technology by 7.9% in the first quarter. State Street Corp now owns 45,982 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 3,383 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in GSI Technology in the first quarter valued at $67,000. Finally, JPMorgan Chase & Co. increased its holdings in GSI Technology by 167.5% in the first 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. 21.86% of the stock is currently owned by institutional investors and hedge funds.
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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