GSA Capital Partners LLP bought a new stake in GSI Technology, Inc. (NASDAQ:GSIT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 178,168 shares of the semiconductor company's stock, valued at approximately $1,377,000. GSA Capital Partners LLP owned about 0.46% of GSI Technology as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in shares of GSI Technology by 112.7% during the fourth 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 acquired a new stake in shares of GSI Technology in the fourth quarter valued at $2,116,000. UBS Group AG raised its holdings in shares of GSI Technology by 9,603.2% in the 3rd quarter. UBS Group AG now owns 167,672 shares of the semiconductor company's stock valued at $617,000 after buying an additional 165,944 shares during the period. Jane Street Group LLC raised its holdings in shares of GSI Technology by 270.3% in the 4th quarter. Jane Street Group LLC now owns 221,094 shares of the semiconductor company's stock valued at $1,373,000 after buying an additional 161,380 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of GSI Technology in the 2nd quarter valued at $535,000. Hedge funds and other institutional investors own 33.15% of the company's stock.
Insider Buying and Selling
In other news, VP Didier Lasserre sold 30,000 shares of GSI Technology stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.31, for a total value of $279,300.00. Following the completion of the transaction, the vice president owned 310,907 shares in the company, valued at approximately $2,894,544.17. This trade represents a 8.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Bor-Tay Wu sold 20,000 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $10.93, for a total value of $218,600.00. Following the transaction, the vice president directly owned 912,500 shares of the company's stock, valued at approximately $9,973,625. This represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,000 shares of company stock worth $1,267,400 in the last quarter. Company insiders own 16.60% of the company's stock.
GSI Technology Price Performance
NASDAQ:GSIT opened at $7.03 on Monday. GSI Technology, Inc. has a 52 week low of $2.82 and a 52 week high of $18.15. The company has a fifty day simple moving average of $6.67 and a two-hundred day simple moving average of $7.27. The company has a market cap of $270.16 million, a price-to-earnings ratio of -15.28 and a beta of 2.11.
GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.06. The business had revenue of $6.31 million for the quarter, compared to analysts' expectations of $7.30 million. GSI Technology had a negative return on equity of 21.39% and a negative net margin of 62.90%.
Wall Street Analyst Weigh In
GSIT has been the subject of a number of research analyst reports. Wall Street Zen cut GSI Technology from a "hold" rating to a "sell" rating in a report on Saturday, June 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of GSI Technology in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".
Check Out Our Latest Stock Report on GSIT
GSI Technology Profile
(
Free Report)
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.
Further Reading
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