Key Points
- VP Bor‑Tay Wu sold 40,000 shares of GSI Technology on March 10 at an average price of $8.66 for a total of $346,400, reducing his stake by 4.2% to 912,500 shares (SEC filing).
- GSI reported quarterly EPS of -$0.09 on $6.08 million in revenue, with a negative net margin of 43.15% and negative ROE of 22.69%, and the stock trades in a 52‑week range of $1.62–$18.15.
- Weiss Ratings reissued a "Sell (d‑)" and MarketBeat's average rating is "Sell"; institutional investors own about 33.15% of the company with several small recent purchases.
GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) VP Bor-Tay Wu sold 40,000 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $8.66, for a total value of $346,400.00. Following the completion of the transaction, the vice president owned 912,500 shares of the company's stock, valued at $7,902,250. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
GSI Technology Price Performance
GSIT opened at $8.60 on Wednesday. The company has a market capitalization of $311.23 million, a P/E ratio of -23.24 and a beta of 1.44. The firm's fifty day moving average price is $7.37 and its two-hundred day moving average price is $6.49. GSI Technology, Inc. has a fifty-two week low of $1.62 and a fifty-two week 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 for the quarter. The business had revenue of $6.08 million for the quarter. GSI Technology had a negative net margin of 43.15% and a negative return on equity of 22.69%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of GSI Technology in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, GSI Technology currently has an average rating of "Sell".
Get Our Latest Stock Report on GSI Technology
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of GSIT. CIBC Private Wealth Group LLC acquired a new position in GSI Technology during the 4th quarter worth $31,000. R Squared Ltd bought a new stake in shares of GSI Technology during the third quarter worth $38,000. Osaic Holdings Inc. raised its position in shares of GSI Technology by 52.1% during the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 4,112 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of GSI Technology during the fourth quarter valued at $76,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in GSI Technology in the fourth quarter valued at about $81,000. Institutional investors own 33.15% of the company's stock.
About GSI Technology
(
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.
Further Reading
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