GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.43 and last traded at $17.48, with a volume of 21838158 shares changing hands. The stock had previously closed at $5.08.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of GSI Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, GSI Technology currently has a consensus rating of "Sell".
Get Our Latest Stock Report on GSIT
GSI Technology Price Performance
The business's 50 day moving average price is $3.67 and its 200-day moving average price is $3.54. The company has a market cap of $394.81 million, a P/E ratio of -25.88 and a beta of 1.20.
GSI Technology (NASDAQ:GSIT - Get Free Report) last posted its earnings results on Thursday, July 31st. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter. GSI Technology had a negative net margin of 62.96% and a negative return on equity of 43.27%. The firm had revenue of $6.28 million during the quarter. GSI Technology has set its Q2 2026 guidance at EPS.
Insiders Place Their Bets
In related news, VP Avidan Akerib sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $3.89, for a total value of $38,900.00. Following the completion of the transaction, the vice president owned 23,307 shares in the company, valued at $90,664.23. The trade was a 30.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 25.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in GSI Technology by 52.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 4,112 shares during the period. Bank of America Corp DE grew its holdings in 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 worth $46,000 after acquiring an additional 13,526 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in GSI Technology during the 2nd quarter worth $55,000. Vanguard Personalized Indexing Management LLC acquired a new stake in GSI Technology during the 2nd quarter worth $55,000. Finally, Quadrature Capital Ltd acquired a new stake in GSI Technology during the 2nd quarter worth $90,000. Institutional investors own 33.15% of the company's stock.
About GSI Technology
(
Get Free Report)
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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