Key Points
- GSI Technology VP Didier Lasserre sold 30,000 shares on May 21 at an average price of $9.31, totaling $279,300. After the sale, he still held 310,907 shares.
- The stock was trading up 4.2%, opening at $9.66, and has risen above both its 50-day moving average of $7.33 and 200-day moving average of $7.21.
- Recent earnings beat EPS estimates, with GSI Technology reporting a loss of $0.13 per share versus expectations for a loss of $0.19, though revenue of $6.32 million came in below analyst forecasts.
GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) VP Didier Lasserre sold 30,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.31, for a total value of $279,300.00. Following the transaction, the vice president directly owned 310,907 shares of the company's stock, valued at approximately $2,894,544.17. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
GSI Technology Trading Up 4.2%
Shares of GSI Technology stock opened at $9.66 on Friday. The stock has a 50 day moving average of $7.33 and a 200 day moving average of $7.21. GSI Technology, Inc. has a 12 month low of $2.82 and a 12 month high of $18.15. The firm has a market cap of $349.60 million, a PE ratio of -23.56 and a beta of 1.94.
GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.06. GSI Technology had a negative return on equity of 24.91% and a negative net margin of 52.73%.The company had revenue of $6.32 million during the quarter, compared to analyst estimates of $7.30 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of GSI Technology in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".
View Our Latest Stock Report on GSIT
Institutional Investors Weigh In On GSI Technology
Several institutional investors have recently modified their holdings of GSIT. Marshall Wace LLP lifted its stake in shares of GSI Technology by 112.7% in the 4th quarter. Marshall Wace LLP now owns 727,077 shares of the semiconductor company's stock valued at $4,515,000 after purchasing an additional 385,185 shares during the last quarter. Concentric Capital Strategies LP bought a new stake in shares of GSI Technology in the 4th quarter valued at approximately $2,116,000. UBS Group AG lifted its stake in shares of GSI Technology by 9,603.2% in the 3rd quarter. UBS Group AG now owns 167,672 shares of the semiconductor company's stock valued at $617,000 after purchasing an additional 165,944 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of GSI Technology by 270.3% in the 4th quarter. Jane Street Group LLC now owns 221,094 shares of the semiconductor company's stock valued at $1,373,000 after purchasing an additional 161,380 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of GSI Technology in the 2nd quarter valued at approximately $535,000. 33.15% of the stock is owned by institutional investors.
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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