GSI Technology (NASDAQ:GSIT) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• GSI Technology received a "sell (D-)" rating from Weiss Ratings, indicating ongoing concerns over the company's performance.
• The company's stock recently traded down to $9.23, with a significant drop from its 52-week high of $18.15 and a negative earnings report showing an EPS of ($0.08).
• Insider VP Avidan Akerib sold 10,000 shares, marking a 30.02% decrease in ownership, while institutional investors own 33.15% of the stock.

GSI Technology (NASDAQ:GSIT - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

GSI Technology Stock Performance

Shares of GSIT stock traded down $2.19 on Friday, hitting $9.23. The company's stock had a trading volume of 7,736,531 shares, compared to its average volume of 10,963,144. The stock's 50 day moving average is $4.49 and its 200-day moving average is $3.84. GSI Technology has a fifty-two week low of $1.62 and a fifty-two week high of $18.15. The company has a market capitalization of $268.50 million, a PE ratio of -17.09 and a beta of 1.20.

GSI Technology (NASDAQ:GSIT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported ($0.08) EPS for the quarter. GSI Technology had a negative net margin of 62.96% and a negative return on equity of 43.27%. The business had revenue of $6.28 million during the quarter. GSI Technology has set its Q2 2026 guidance at EPS.

Insider Transactions at GSI Technology

In other GSI Technology news, VP Avidan Akerib sold 10,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $3.89, for a total transaction of $38,900.00. Following the sale, the vice president directly owned 23,307 shares in the company, valued at $90,664.23. This represents a 30.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 25.40% of the stock is owned by insiders.

Institutional Investors Weigh In On GSI Technology

A number of large investors have recently bought and sold shares of GSIT. Essex Investment Management Co. LLC acquired a new stake in GSI Technology during the first quarter worth about $69,000. Jones Financial Companies Lllp bought a new position in shares of GSI Technology in the first quarter worth about $80,000. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of GSI Technology by 31.1% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 688,464 shares of the semiconductor company's stock worth $2,313,000 after acquiring an additional 163,511 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of GSI Technology in the second quarter worth about $55,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of GSI Technology in the second quarter worth about $55,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.

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.

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