Chicago Equity Partners LLC Invests $168,000 in GSI Technology, Inc. (GSIT) Stock
Chicago Equity Partners LLC acquired a new position in shares of GSI Technology, Inc. (NASDAQ:GSIT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,070 shares of the semiconductor company’s stock, valued at approximately $168,000. Chicago Equity Partners LLC owned about 0.10% of GSI Technology as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in GSI Technology during the 2nd quarter worth $117,000. Teachers Advisors LLC purchased a new position in GSI Technology during the 2nd quarter worth $194,000. California State Teachers Retirement System purchased a new position in GSI Technology during the 2nd quarter worth $199,000. Strs Ohio raised its position in GSI Technology by 56.7% during the 3rd quarter. Strs Ohio now owns 29,300 shares of the semiconductor company’s stock worth $213,000 after buying an additional 10,600 shares during the last quarter. Finally, Cowen Prime Services LLC raised its position in GSI Technology by 203.1% during the 4th quarter. Cowen Prime Services LLC now owns 31,084 shares of the semiconductor company’s stock worth $247,000 after buying an additional 20,827 shares during the last quarter. Institutional investors own 31.83% of the company’s stock.
A number of equities analysts have commented on the stock. TheStreet downgraded shares of GSI Technology from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th. Needham & Company LLC restated a “hold” rating on shares of GSI Technology in a research report on Friday, January 26th.
GSI Technology, Inc. (NASDAQ:GSIT) opened at $7.75 on Tuesday. GSI Technology, Inc. has a 12 month low of $5.60 and a 12 month high of $9.68.
GSI Technology (NASDAQ:GSIT) last posted its quarterly earnings results on Thursday, January 25th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). GSI Technology had a negative return on equity of 7.12% and a negative net margin of 14.65%. The company had revenue of $11.12 million for the quarter, compared to analyst estimates of $10.50 million. During the same period last year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year.
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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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