GSI Technology (NASDAQ:GSIT) VP Bor-Tay Wu Sells 40,000 Shares of Stock

GSI Technology, Inc. (NASDAQ:GSIT) VP Bor-Tay Wu sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $8.66, for a total value of $346,400.00. Following the transaction, the vice president directly owned 912,500 shares in the company, valued at $7,902,250. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

GSI Technology Trading Down 1.0%

Shares of GSI Technology stock opened at $8.60 on Wednesday. GSI Technology, Inc. has a 1 year low of $1.62 and a 1 year high of $18.15. The company has a market cap of $311.23 million, a P/E ratio of -23.24 and a beta of 1.44. The stock has a 50-day moving average price of $7.37 and a 200 day moving average price of $6.49.

GSI Technology (NASDAQ:GSIT) last issued its earnings results on Thursday, January 29th. The semiconductor company reported ($0.09) earnings per share for the quarter. The business 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%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GSI Technology in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of GSI Technology

A number of institutional investors and hedge funds have recently modified their holdings of GSIT. Marshall Wace LLP boosted its holdings 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 buying an additional 385,185 shares during the period. Concentric Capital Strategies LP bought a new stake in GSI Technology during the fourth quarter valued at about $2,116,000. UBS Group AG boosted its holdings in GSI Technology by 9,603.2% during the third quarter. UBS Group AG now owns 167,672 shares of the semiconductor company’s stock valued at $617,000 after acquiring an additional 165,944 shares during the period. Jane Street Group LLC increased its stake in shares of GSI Technology by 270.3% in the fourth quarter. Jane Street Group LLC now owns 221,094 shares of the semiconductor company’s stock worth $1,373,000 after purchasing an additional 161,380 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in GSI Technology during the 2nd quarter valued at approximately $535,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.

About GSI Technology

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.