Key Points
- GSI VP Patrick Chuang sold 20,000 shares on March 2 at an average price of $8.37 for $167,400, leaving him with 15,166 shares — a 56.87% reduction in his ownership disclosed via an SEC Form 4.
- GSIT trades around $8.69 with a 50-day/200-day SMA of $7.16/$6.27 and a market cap near $314M, while the company reported a quarterly EPS of -$0.09 on $6.08M revenue and shows negative profitability metrics.
- Analysts rate the stock a "Sell" (Weiss Ratings reissued a sell d-), and institutional investors hold about 33.15% of the shares amid several recent small position changes.
GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) VP Patrick Chuang sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $8.37, for a total transaction of $167,400.00. Following the transaction, the vice president directly owned 15,166 shares of the company's stock, valued at $126,939.42. This represents a 56.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
GSI Technology Price Performance
GSIT stock opened at $8.69 on Tuesday. The firm's fifty day simple moving average is $7.16 and its 200-day simple moving average is $6.27. The company has a market capitalization of $314.46 million, a P/E ratio of -23.49 and a beta of 1.45. GSI Technology, Inc. has a 12 month low of $1.62 and a 12 month high of $18.15.
GSI Technology (NASDAQ:GSIT - Get Free Report) last issued its earnings results on Thursday, January 29th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $6.08 million for the quarter. GSI Technology had a negative return on equity of 22.69% and a negative net margin of 43.15%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of GSI Technology in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".
View Our Latest Stock Report on GSIT
Institutional Investors Weigh In On GSI Technology
A number of institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC purchased a new position in shares of GSI Technology in the 4th quarter valued at about $31,000. R Squared Ltd acquired a new stake in GSI Technology in the third quarter valued at approximately $38,000. Osaic Holdings Inc. grew its holdings in GSI Technology by 52.1% in the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 4,112 shares during the period. Bank of America Corp DE increased its position in shares of GSI Technology by 8,247.6% in the second quarter. Bank of America Corp DE now owns 13,690 shares of the semiconductor company's stock valued at $46,000 after buying an additional 13,526 shares in the last quarter. Finally, Prelude Capital Management LLC acquired a new position in shares of GSI Technology during the 3rd quarter worth approximately $52,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.
GSI Technology Company Profile
(
Get Free Report)
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.
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