GSI Technology (NASDAQ:GSIT) Issues Quarterly Earnings Results

GSI Technology (NASDAQ:GSIT) posted its quarterly earnings results on Thursday. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06, FiscalAI reports. The company had revenue of $6.31 million for the quarter, compared to analyst estimates of $7.30 million. GSI Technology had a negative net margin of 52.73% and a negative return on equity of 21.96%.

Here are the key takeaways from GSI Technology’s conference call:

• Gemini-II commercialization is advancing, with the company completing key deliverables for the Sentinel proof of concept and remaining on track to deploy its Smart City Phase 1 project across 20 cameras by November.
• GSI reported successful Gemini-II radiation testing with no single-event latch-ups, potentially expanding the platform into low-power AI applications for satellites, aerospace, defense, and other harsh environments.
• The AI-assisted SDK is targeted for alpha release this fall; management said early testing reduced one representative model-porting effort from roughly a year to less than a month, which could accelerate customer adoption and system-integrator engagement.
• GSI remains on schedule to tape out its next-generation Plato processor in March 2027 and ended the quarter with $77 million in cash and no debt, providing funding for development and customer evaluations.
• First-quarter revenue was $6.3 million, while operating expenses rose to $8.8 million and the operating loss widened to $5.4 million as the company invested in Gemini-II software and Plato; second-quarter revenue is expected to decline to $5.7 million–$6.5 million.

GSI Technology Stock Performance

NASDAQ GSIT traded up $0.60 during mid-day trading on Thursday, reaching $5.85. 1,072,786 shares of the stock were exchanged, compared to its average volume of 733,419. The business’s 50 day moving average is $7.42 and its 200-day moving average is $7.37. GSI Technology has a 1 year low of $2.82 and a 1 year high of $18.15. The company has a market capitalization of $224.46 million, a P/E ratio of -14.27 and a beta of 2.06.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of GSI Technology in a report on Friday, July 17th. Wall Street Zen lowered GSI Technology from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, GSI Technology currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, CFO Douglas Schirle sold 40,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $11.32, for a total transaction of $452,800.00. Following the sale, the chief financial officer directly owned 69,046 shares of the company’s stock, valued at $781,600.72. This represents a 36.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ping Tak Wu sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $11.01, for a total value of $330,300.00. Following the sale, the vice president owned 148,441 shares in the company, valued at $1,634,335.41. This trade represents a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 385,138 shares of company stock valued at $4,273,363. Insiders own 16.60% of the company’s stock.

Institutional Trading of GSI Technology

Institutional investors have recently bought and sold shares of the business. UBS Group AG raised its stake in shares of GSI Technology by 9,603.2% during the 3rd quarter. UBS Group AG now owns 167,672 shares of the semiconductor company’s stock worth $617,000 after buying an additional 165,944 shares during the period. Commonwealth Equity Services LLC grew its stake in GSI Technology by 59.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 88,934 shares of the semiconductor company’s stock valued at $552,000 after acquiring an additional 33,080 shares during the period. Osaic Holdings Inc. grew its stake in GSI Technology by 568.2% in the 4th quarter. Osaic Holdings Inc. now owns 87,976 shares of the semiconductor company’s stock valued at $546,000 after acquiring an additional 74,809 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in GSI Technology in the 2nd quarter worth $535,000. Finally, Graham Capital Management L.P. purchased a new stake in GSI Technology in the 4th quarter worth $347,000. 33.15% of the stock is owned by institutional investors and hedge funds.

GSI Technology Company Profile

GSI Technology, Inc is a fabless semiconductor company specializing in the design and development of high-performance memory products. Headquartered in Sunnyvale, California, the company was founded in 1995 and has focused its efforts on content addressable memory (CAM) and high-speed SRAM (static random-access memory) solutions. As a publicly traded company listed on NASDAQ under the ticker GSIT, GSI Technology leverages advanced architectures to meet demanding data-processing requirements.

The company’s core product portfolio includes ternary CAM (TCAM) devices, binary CAM (BCAM) devices and high-speed synchronous SRAM.