GSI Technology (NASDAQ:GSIT) VP Avidan Akerib Sells 54,732 Shares of Stock

GSI Technology, Inc. (NASDAQ:GSIT) VP Avidan Akerib sold 54,732 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $8.54, for a total transaction of $467,411.28. Following the sale, the vice president directly owned 23,307 shares in the company, valued at approximately $199,041.78. This trade represents a 70.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Avidan Akerib also recently made the following trade(s):

• On Tuesday, November 4th, Avidan Akerib sold 135,286 shares of GSI Technology stock. The shares were sold at an average price of $9.05, for a total transaction of $1,224,338.30.

GSI Technology Trading Up 2.5%

NASDAQ GSIT opened at $8.98 on Thursday. GSI Technology, Inc. has a 1-year low of $1.62 and a 1-year high of $18.15. The company has a market capitalization of $261.24 million, a PE ratio of -16.63 and a beta of 1.20. The firm’s fifty day simple moving average is $5.65 and its 200-day simple moving average is $4.30.

GSI Technology (NASDAQ:GSIT) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor company reported ($0.11) earnings per share for the quarter. GSI Technology had a negative return on equity of 43.27% and a negative net margin of 62.96%.The company had revenue of $6.44 million during the quarter. GSI Technology has set its Q3 2026 guidance at EPS.

Institutional Investors Weigh In On GSI Technology

A number of hedge funds have recently bought and sold shares of GSIT. Marshall Wace LLP bought a new stake in GSI Technology during the second quarter valued at about $642,000. Silverberg Bernstein Capital Management LLC boosted its holdings in GSI Technology by 31.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 688,464 shares of the semiconductor company’s stock valued at $2,313,000 after acquiring an additional 163,511 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in GSI Technology during the second quarter valued at about $535,000. Jane Street Group LLC bought a new stake in GSI Technology during the second quarter valued at about $342,000. Finally, XTX Topco Ltd bought a new stake in GSI Technology during the second quarter valued at about $246,000. 33.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of GSI Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, GSI Technology currently has an average rating of “Sell”.

About GSI Technology

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.