The stock of GSI Technology, Inc. (NASDAQ:GSIT) is a huge mover today! About 60,412 shares traded hands or 132.83% up from the average. GSI Technology, Inc. (NASDAQ:GSIT) has risen 20.97% since February 29, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.
The move comes after 6 months positive chart setup for the $100.97 million company. It was reported on Oct, 3 by Barchart.com. We have $6.68 PT which if reached, will make NASDAQ:GSIT worth $38.37 million more.
Analysts await GSI Technology, Inc. (NASDAQ:GSIT) to report earnings on November, 3.
According to Zacks Investment Research, “GSI TECHNOLOGY, INC. is a leading provider of high-performance static random access memory, or SRAM, products primarily incorporated in networking and telecommunications equipment. Headquartered in Santa Clara, California, GSI Technology is ISO 9001 certified and has worldwide factory and sales locations. GSI Technology is focused on providing leadership telecom and networking solutions. The Company’s products can be found in a range of networking and telecommunications equipment, including multi-service access routers, universal gateways, enterprise edge routers, service provider edge routers, optical edge routers, fast Ethernet switches, gigabit Ethernet switches, wireless base stations, asymmetric digital subscriber line modems, wireless local area networks, Internet protocol phones and OC192 layer two switches.”
Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.44, from 1.15 in 2016Q1. The ratio dropped, as 5 funds sold all GSI Technology, Inc. shares owned while 9 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 4.54 million shares or 1.80% less from 4.62 million shares in 2016Q1.
California Employees Retirement Systems holds 0% of its portfolio in GSI Technology, Inc. (NASDAQ:GSIT) for 45,010 shares. Central Square Ltd Liability Company holds 0.43% or 72,303 shares in its portfolio. Bridgeway Capital last reported 0.01% of its portfolio in the stock. Dimensional Fund Advsr Limited Partnership last reported 542,951 shares in the company. Blackrock Fund Advsrs holds 35,062 shares or 0% of its portfolio. Moreover, Grt Limited Liability Co has 0.02% invested in GSI Technology, Inc. (NASDAQ:GSIT) for 23,300 shares. Nationwide Fund Advsrs has 0% invested in the company for 2,857 shares. Blackrock Inv Mgmt Ltd has 2,405 shares for 0% of their US portfolio. Millennium Management Ltd owns 806,798 shares or 0.01% of their US portfolio. Connor Clark Lunn Ltd holds 0% of its portfolio in GSI Technology, Inc. (NASDAQ:GSIT) for 10,175 shares. Financial Bank Of America Corporation De accumulated 0% or 174 shares. Fmr Ltd Liability Co holds 0% or 61,185 shares in its portfolio. Blackrock Advsr Lc owns 4,254 shares or 0% of their US portfolio. Northern Corporation accumulated 0% or 34,570 shares. Vanguard Group has 991,702 shares for 0% of their US portfolio.
More notable recent GSI Technology, Inc. (NASDAQ:GSIT) news were published by: Seekingalpha.com which released: “Exclusive Interview With GSI Technology Management” on September 28, 2016, also Businesswire.com with their article: “GigOptix, Inc. Renews Interest in Acquiring GSI Technology, Inc. for $6.50 Per …” published on June 04, 2015, Wsj.com published: “GigOptix Offers $154 Million to Buy Chip-Part Maker GSI Technology” on August 19, 2014. More interesting news about GSI Technology, Inc. (NASDAQ:GSIT) were released by: Seekingalpha.com and their article: “GSI Technology: Activist Investor Continues Push For A Buyout (GSIT)” published on July 14, 2015 as well as Businesswire.com‘s news article titled: “GSI Technology and MoSys, Inc. Announce Dual-Sourcing Product and Technology …” with publication date: May 19, 2014.
GSIT Company Profile
GSI Technology, Inc., incorporated on October 14, 2000, is a well-known provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Firm operates through the design, development and sale of integrated circuits segment. The Company’s products are incorporated primarily in networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment. It offers products in various categories, including Synchronous SRAM Products, LLDRAM Products and Bandwidth Engine Products.
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