TheStreet Downgrades GSI Technology (GSIT) to C

GSI Technology (NASDAQ:GSIT) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Friday, TheStreetRatingsTable reports.

Several other equities research analysts have also issued reports on GSIT. ValuEngine raised shares of GSI Technology from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Needham & Company LLC reissued a “hold” rating on shares of GSI Technology in a report on Thursday, February 14th.

GSI Technology stock opened at $7.46 on Friday. GSI Technology has a 12-month low of $4.62 and a 12-month high of $9.00.

In related news, VP Robert Yau sold 10,625 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $8.05, for a total value of $85,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 20,625 shares of company stock valued at $167,531 over the last three months. 36.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tibra Equities Europe Ltd purchased a new stake in GSI Technology during the first quarter worth about $282,000. Dimensional Fund Advisors LP increased its holdings in GSI Technology by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 968,067 shares of the semiconductor company’s stock worth $4,976,000 after buying an additional 8,392 shares during the last quarter. Alambic Investment Management L.P. increased its holdings in GSI Technology by 285.4% during the fourth quarter. Alambic Investment Management L.P. now owns 89,090 shares of the semiconductor company’s stock worth $458,000 after buying an additional 65,974 shares during the last quarter. Perritt Capital Management Inc. increased its holdings in GSI Technology by 130.2% during the fourth quarter. Perritt Capital Management Inc. now owns 80,000 shares of the semiconductor company’s stock worth $411,000 after buying an additional 45,249 shares during the last quarter. Finally, MA Private Wealth purchased a new stake in GSI Technology during the fourth quarter worth about $2,056,000. 27.49% of the stock is owned by institutional investors and hedge funds.

About GSI Technology

GSI Technology, Inc, a fabless semiconductor company, designs, develops, and markets memory products primarily for the networking and telecommunications markets in the United States, China, Singapore, the Netherlands, and internationally. It offers synchronous static random access memory (SRAM) products, such as BurstRAMs for microprocessor cache applications; No Bus Turnaround SRAMs to address the needs of moderate performance networking applications; SigmaQuad and SigmaDDR products that are double data rate and quad data rate synchronous SRAMs; and radiation-hardened SRAMs for aerospace and military applications, such as networking satellites and missiles.

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