GSI Technology (NASDAQ:GSIT) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• GSI Technology's share price surpassed its 200-day moving average of $3.26, reaching as high as $3.99, with the last trading price at $3.96.
• The company reported a quarterly earnings loss of ($0.08) EPS and a negative net margin of 62.96%.
• Insider activity included VP Avidan Akerib selling 10,000 shares, decreasing their ownership by 30.02%, while hedge funds increased their stakes in the company significantly.

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.26 and traded as high as $3.99. GSI Technology shares last traded at $3.96, with a volume of 277,096 shares traded.

GSI Technology Stock Performance

The business's 50-day moving average is $3.66 and its 200 day moving average is $3.26. The company has a market cap of $115.20 million, a PE ratio of -7.33 and a beta of 1.20.

GSI Technology (NASDAQ:GSIT - Get Free Report) last released its quarterly earnings data 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.

Insider Activity

In other GSI Technology news, VP Avidan Akerib sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $3.89, for a total value of $38,900.00. Following the transaction, the vice president owned 23,307 shares in the company, valued at approximately $90,664.23. The trade was a 30.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.40% of the company's stock.

Hedge Funds Weigh In On GSI Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP bought a new stake in GSI Technology during the fourth quarter worth about $33,000. Osaic Holdings Inc. lifted its stake in shares of GSI Technology by 52.1% in the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company's stock worth $40,000 after buying an additional 4,112 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of GSI Technology by 8,247.6% during the second 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. Vanguard Personalized Indexing Management LLC purchased a new position in shares of GSI Technology during the second quarter valued at approximately $55,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of GSI Technology during the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 33.15% of the company's stock.

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.

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