GSI Technology (NASDAQ:GSIT) VP Patrick Chuang Sells 40,000 Shares

GSI Technology, Inc. (NASDAQ:GSIT) VP Patrick Chuang sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $8.66, for a total transaction of $346,400.00. Following the completion of the transaction, the vice president owned 15,166 shares in the company, valued at approximately $131,337.56. This represents a 72.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GSI Technology Stock Performance

Shares of GSIT traded down $0.59 on Thursday, hitting $8.39. 1,606,171 shares of the stock traded hands, compared to its average volume of 2,003,258. GSI Technology, Inc. has a one year low of $1.62 and a one year high of $18.15. The company has a market capitalization of $244.07 million, a PE ratio of -15.54 and a beta of 1.34. The business has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $4.30.

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

Institutional Trading of GSI Technology

A number of hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in GSI Technology by 52.1% in the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 4,112 shares during the period. Bank of America Corp DE increased its position in shares of GSI Technology by 8,247.6% during the 2nd quarter. Bank of America Corp DE now owns 13,690 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 13,526 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of GSI Technology in the 2nd quarter worth approximately $55,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of GSI Technology in the second quarter worth approximately $55,000. Finally, Quadrature Capital Ltd bought a new stake in GSI Technology during the second quarter valued at approximately $90,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

GSI Technology Company 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.