GSI Technology, Inc. (GSIT) Shares Bought by Northern Trust Corp
Northern Trust Corp grew its holdings in GSI Technology, Inc. (NASDAQ:GSIT) by 379.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 154,441 shares of the semiconductor company’s stock after purchasing an additional 122,210 shares during the quarter. Northern Trust Corp owned about 0.74% of GSI Technology worth $1,214,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. New York State Common Retirement Fund grew its position in shares of GSI Technology by 29.3% in the second quarter. New York State Common Retirement Fund now owns 160,079 shares of the semiconductor company’s stock valued at $1,258,000 after purchasing an additional 36,294 shares during the last quarter. Bank of New York Mellon Corp grew its position in GSI Technology by 389.3% during the second quarter. Bank of New York Mellon Corp now owns 49,530 shares of the semiconductor company’s stock worth $389,000 after buying an additional 39,407 shares in the last quarter. TIAA CREF Investment Management LLC acquired a new stake in GSI Technology during the second quarter worth about $293,000. Schwab Charles Investment Management Inc. acquired a new stake in GSI Technology during the second quarter worth about $269,000. Finally, Prudential Financial Inc. grew its position in GSI Technology by 35.0% during the second quarter. Prudential Financial Inc. now owns 33,880 shares of the semiconductor company’s stock worth $267,000 after buying an additional 8,780 shares in the last quarter. 32.01% of the stock is currently owned by institutional investors.
Separately, Needham & Company LLC reissued a “hold” rating on shares of GSI Technology in a research report on Thursday, October 26th.
GSI Technology (NASDAQ:GSIT) last released its earnings results on Thursday, October 26th. The semiconductor company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). GSI Technology had a negative return on equity of 4.93% and a negative net margin of 10.08%. The firm had revenue of $9.65 million for the quarter, compared to analyst estimates of $10.50 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s quarterly revenue was down 27.8% compared to the same quarter last year.
About GSI Technology
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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