GSI Technology, Inc. (NASDAQ:GSIT) Shares Sold by Viawealth LLC

Viawealth LLC cut its holdings in shares of GSI Technology, Inc. (NASDAQ:GSIT) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,850 shares of the semiconductor company’s stock after selling 6,000 shares during the quarter. Viawealth LLC owned about 0.18% of GSI Technology worth $136,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC lifted its stake in GSI Technology by 2.1% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 481,817 shares of the semiconductor company’s stock worth $1,460,000 after purchasing an additional 9,831 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in shares of GSI Technology in the fourth quarter valued at approximately $31,000. Geode Capital Management LLC lifted its position in GSI Technology by 19.0% during the third quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company’s stock worth $626,000 after buying an additional 32,711 shares in the last quarter. Finally, WealthPlan Investment Management LLC acquired a new position in GSI Technology during the fourth quarter worth $114,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.

GSI Technology Stock Up 4.3 %

Shares of NASDAQ:GSIT opened at $2.67 on Thursday. GSI Technology, Inc. has a 52-week low of $2.01 and a 52-week high of $6.02. The business has a fifty day moving average of $3.01 and a two-hundred day moving average of $3.06. The stock has a market cap of $68.36 million, a P/E ratio of -5.34 and a beta of 0.91.

GSI Technology (NASDAQ:GSIT) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter. GSI Technology had a negative return on equity of 50.33% and a negative net margin of 64.33%.

GSI Technology Profile

GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.