GSI Technology's (GSIT) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• GSI Technology's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating continued concerns about the company's performance.
• The stock rose by 8.4% on the day of the report, opening at $5.01 with significant fluctuations in past year pricing between $1.62 and $5.89.
• Institutional investors have been active, with several hedge funds increasing their stakes significantly during the second quarter, reflecting increased interest in the semiconductor company.

GSI Technology (NASDAQ:GSIT - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

GSI Technology Stock Up 8.4%

GSIT opened at $5.01 on Wednesday. The firm has a 50-day moving average price of $3.49 and a 200-day moving average price of $3.39. The company has a market capitalization of $145.74 million, a price-to-earnings ratio of -9.28 and a beta of 1.20. GSI Technology has a twelve month low of $1.62 and a twelve month high of $5.89.

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

Insider Buying and Selling

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 transaction of $38,900.00. Following the completion of the transaction, the vice president owned 23,307 shares of the company's stock, valued at approximately $90,664.23. The trade was a 30.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 25.40% of the company's stock.

Hedge Funds Weigh In On GSI Technology

Hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its stake in GSI Technology by 52.1% during the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 4,112 shares in the last quarter. Bank of America Corp DE lifted its position in 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 bought a new stake in GSI Technology during the second quarter valued at approximately $55,000. U.S. Capital Wealth Advisors LLC bought a new stake in GSI Technology during the second quarter valued at approximately $55,000. Finally, Essex Investment Management Co. LLC bought a new stake in GSI Technology during the first quarter valued at approximately $69,000. 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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