GSI Technology (NASDAQ:GSIT) VP Sells $225,419.91 in Stock

GSI Technology, Inc. (NASDAQ:GSIT) VP Avidan Akerib sold 19,653 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $11.47, for a total transaction of $225,419.91. Following the sale, the vice president owned 23,307 shares in the company, valued at approximately $267,331.29. The trade was a 45.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, May 12th, Avidan Akerib sold 347 shares of GSI Technology stock. The stock was sold at an average price of $12.03, for a total transaction of $4,174.41.

GSI Technology Stock Up 6.2%

Shares of NASDAQ:GSIT traded up $0.72 during midday trading on Wednesday, reaching $12.26. 4,390,786 shares of the company were exchanged, compared to its average volume of 1,895,806. GSI Technology, Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $18.15. The stock has a fifty day simple moving average of $7.17 and a two-hundred day simple moving average of $7.25. The firm has a market cap of $443.69 million, a PE ratio of -29.90 and a beta of 1.94.

GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. GSI Technology had a negative net margin of 52.73% and a negative return on equity of 24.91%. The business had revenue of $6.32 million for the quarter, compared to analyst estimates of $7.30 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, GSI Technology has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of GSI Technology by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 937,711 shares of the semiconductor company’s stock worth $3,451,000 after purchasing an additional 75,882 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in shares of GSI Technology by 1.4% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 785,706 shares of the semiconductor company’s stock worth $4,039,000 after purchasing an additional 11,200 shares during the last quarter. Marshall Wace LLP increased its stake in shares of GSI Technology by 112.7% during the 4th quarter. Marshall Wace LLP now owns 727,077 shares of the semiconductor company’s stock worth $4,515,000 after purchasing an additional 385,185 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of GSI Technology by 46.6% during the 3rd quarter. Two Sigma Investments LP now owns 391,258 shares of the semiconductor company’s stock worth $1,440,000 after purchasing an additional 124,360 shares during the last quarter. Finally, Concentric Capital Strategies LP acquired a new position in shares of GSI Technology during the 4th quarter worth about $2,116,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.

GSI Technology Company Profile

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.