GSI Technology (NASDAQ:GSIT) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• GSI Technology's stock price has risen above its 200-day moving average of $3.37, with recent trading peaks reaching $5.15 before settling at $4.82.
• Weiss Ratings has maintained a "sell (d-)" rating on GSI Technology, indicating cautious sentiment from analysts following a quarter where the company reported a negative EPS of ($0.08).
• Institutional investors have increased their stakes in the company, with Silverberg Bernstein Capital Management boosting its holdings by 31.1% in the second quarter.

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.37 and traded as high as $5.15. GSI Technology shares last traded at $4.82, with a volume of 582,753 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of GSI Technology in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

GSI Technology Trading Down 1.8%

The stock's 50-day moving average price is $3.48 and its two-hundred day moving average price is $3.37. The stock has a market capitalization of $140.21 million, a P/E ratio of -8.93 and a beta of 1.20.

GSI Technology (NASDAQ:GSIT - Get Free Report) last posted its quarterly earnings data 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 firm 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 company's 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 of the company's stock, valued at $90,664.23. This represents a 30.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 25.40% of the company's stock.

Institutional Trading of GSI Technology

Several hedge funds and other institutional investors have recently modified their holdings of GSIT. Silverberg Bernstein Capital Management LLC boosted its holdings in GSI Technology by 31.1% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 688,464 shares of the semiconductor company's stock worth $2,313,000 after buying an additional 163,511 shares during the period. Marshall Wace LLP purchased a new stake in shares of GSI Technology during the second quarter worth $642,000. Arrowstreet Capital Limited Partnership bought a new position in shares of GSI Technology in the second quarter worth $535,000. Jane Street Group LLC purchased a new position in shares of GSI Technology in the second quarter valued at $342,000. Finally, XTX Topco Ltd bought a new stake in shares of GSI Technology during the 2nd quarter valued at $246,000. 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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