GSI Technology - GSIT Stock Forecast, Price & News

GSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. The company's associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets. In addition, it offers static random access memory (SRAM) products, such as SyncBurst for microprocessor cache and other applications; No Bus Turnaround SRAMs to address the needs of networking and telecom applications; SigmaQuad and SigmaDDR products for density and random transaction rate requirements of networking and telecom applications; Low Latency DRAMs a solution for advanced data networking applications; Asynchronous, a main memory for small cache-less embedded processors for industrial electronics, measurement systems and cost-sensitive networking equipment, and other applications; and specialty SRAMs. The company also provide radiation-hardened and radiation-tolerant SRAMs for aerospace and military applications, such as networking satellites and missiles. Its products are used as components in our OEM customers' products, including routers, switches and other networking and telecommunications products; military and aerospace applications, such as radar and guidance systems and satellites; audio/video processing; test and measurement applications consisting of high-speed testers; and automotive applications, such as smart cruise control; and medical applications, including ultrasound and CAT scan equipment. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.

GSI Technology Stock Up 1.3 %

NASDAQ:GSIT traded up $0.05 on Friday, reaching $3.80. The company had a trading volume of 7,601 shares, compared to its average volume of 17,455. The stock has a market capitalization of $93.31 million, a P/E ratio of -5.28 and a beta of 0.80. The company's fifty day moving average is $3.74 and its 200 day moving average is $3.84. GSI Technology has a 52-week low of $2.99 and a 52-week high of $6.21.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on GSI Technology in a research report on Tuesday. They set a "hold" rating on the stock.

Insider Transactions at GSI Technology

In other GSI Technology news, Director Ruey-Lin Lu purchased 19,645 shares of the stock in a transaction on Friday, May 20th. The shares were purchased at an average price of $3.22 per share, with a total value of $63,256.90. Following the acquisition, the director now directly owns 41,645 shares in the company, valued at approximately $134,096.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders bought 35,696 shares of company stock worth $117,248. 32.10% of the stock is owned by company insiders.