In a report released today, Rajvindra Gill from Needham assigned a Hold rating to GSI Technology (GSIT). The company’s shares closed last Friday at $5.99.
According to TipRanks.com, Gill is a 4-star analyst with an average return of 2.9% and a 54.3% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for GSI Technology.
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Based on GSI Technology’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.62 million and GAAP net loss of $6.08 million. In comparison, last year the company earned revenue of $13.02 million and had a GAAP net loss of $125K.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GSIT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
GSI Technology, Inc. engages in the design, development and marketing of memory products primarily for the networking, and telecommunications markets. Its product includes Static Random Access Memory, or SRAM, which incorporated in networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment. It also offers services to the ongoing needs of the military, industrial, test and measurement equipment, automotive and medical markets for SRAMs .The company was founded by Lee-Lean Shu and Robert Yau in March 1995 and is headquartered in Sunnyvale, CA.
