GSI Technology, Inc. (NASDAQ:GSIT) VP Didier Lasserre sold 10,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $7.91, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website.

GSI Technology, Inc. (NASDAQ:GSIT) opened at $7.29 on Tuesday. GSI Technology, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $9.68.

GSI Technology (NASDAQ:GSIT) last announced its quarterly earnings results 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). GSI Technology had a negative net margin of 14.65% and a negative return on equity of 7.11%. The firm 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 business earned $0.02 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis.

A number of large investors have recently made changes to their positions in GSIT. Rhumbline Advisers bought a new position in GSI Technology in the 2nd quarter valued at $117,000. Chicago Equity Partners LLC bought a new position in GSI Technology in the 4th quarter valued at $168,000. Teachers Advisors LLC bought a new position in GSI Technology in the 2nd quarter valued at $194,000. California State Teachers Retirement System bought a new position in GSI Technology in the 2nd quarter valued at $199,000. Finally, Strs Ohio boosted its holdings in GSI Technology by 56.7% in the 3rd quarter. Strs Ohio now owns 29,300 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 10,600 shares during the period. 32.08% of the stock is owned by hedge funds and other institutional investors.

Separately, Needham & Company LLC reissued a “hold” rating on shares of GSI Technology in a report on Thursday, October 26th.

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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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