Key Points
- CEO Lee‑Lean Shu sold 30,734 shares on March 16 at an average of $10.02 (≈$307,955) and sold 36,517 shares on March 17 at $10.01 (≈$365,535), trimming his stake by 1.53% to 1,982,417 shares.
- GSI's stock has fallen about 13.2% (opened $8.48), and the company recently reported a loss (EPS -$0.09) with negative margins and a MarketBeat/Weiss consensus rating of "Sell."
GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) CEO Lee-Lean Shu sold 30,734 shares of GSI Technology stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $10.02, for a total transaction of $307,954.68. Following the completion of the sale, the chief executive officer owned 1,982,417 shares of the company's stock, valued at $19,863,818.34. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Lee-Lean Shu also recently made the following trade(s):
- On Tuesday, March 17th, Lee-Lean Shu sold 36,517 shares of GSI Technology stock. The shares were sold at an average price of $10.01, for a total value of $365,535.17.
GSI Technology Stock Down 13.2%
NASDAQ:GSIT opened at $8.48 on Wednesday. GSI Technology, Inc. has a 52 week low of $1.62 and a 52 week high of $18.15. The stock's fifty day moving average is $7.55 and its two-hundred day moving average is $6.69. The stock has a market capitalization of $306.86 million, a price-to-earnings ratio of -22.92 and a beta of 1.44.
GSI Technology (NASDAQ:GSIT - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The semiconductor company reported ($0.09) earnings per share for the quarter. The firm had revenue of $6.08 million during the quarter. GSI Technology had a negative net margin of 43.15% and a negative return on equity of 22.69%.
Hedge Funds Weigh In On GSI Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GSIT. Jones Financial Companies Lllp acquired a new position in shares of GSI Technology in the first quarter worth $80,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of GSI Technology in the second quarter valued at $165,000. XTX Topco Ltd purchased a new position in GSI Technology in the second quarter valued at $246,000. Quadrature Capital Ltd purchased a new position in GSI Technology in the second quarter valued at $90,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in GSI Technology during the 2nd quarter worth $535,000. Hedge funds and other institutional investors own 33.15% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of GSI Technology in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of "Sell".
Check Out Our Latest Research Report on GSI Technology
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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