Renaissance Technologies LLC Purchases 47,200 Shares of GSI Technology, Inc. (NASDAQ:GSIT)

Renaissance Technologies LLC lifted its position in shares of GSI Technology, Inc. (NASDAQ:GSIT) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 842,047 shares of the semiconductor company’s stock after buying an additional 47,200 shares during the quarter. Renaissance Technologies LLC’s holdings in GSI Technology were worth $7,216,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Heartland Advisors Inc. bought a new stake in shares of GSI Technology during the second quarter worth about $1,714,000. Alambic Investment Management L.P. grew its holdings in shares of GSI Technology by 73.2% during the first quarter. Alambic Investment Management L.P. now owns 154,324 shares of the semiconductor company’s stock worth $1,199,000 after purchasing an additional 65,234 shares during the last quarter. Cowen Prime Services LLC grew its holdings in shares of GSI Technology by 9.5% during the second quarter. Cowen Prime Services LLC now owns 79,174 shares of the semiconductor company’s stock worth $679,000 after purchasing an additional 6,852 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of GSI Technology during the second quarter worth about $465,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of GSI Technology during the second quarter worth about $345,000. Institutional investors own 32.04% of the company’s stock.

Shares of NASDAQ:GSIT traded up $0.12 during midday trading on Wednesday, hitting $8.71. 436 shares of the stock were exchanged, compared to its average volume of 46,261. The stock has a market capitalization of $189.01 million, a price-to-earnings ratio of 120.14 and a beta of 1.38. The business’s 50-day moving average price is $8.37 and its 200 day moving average price is $8.17. GSI Technology, Inc. has a 12 month low of $4.62 and a 12 month high of $9.00.



GSI Technology (NASDAQ:GSIT) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.03). The firm had revenue of $13.02 million for the quarter. GSI Technology had a return on equity of 1.83% and a net margin of 3.16%.

In related news, Director Robert Yau sold 4,592 shares of GSI Technology stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $9.00, for a total value of $41,328.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ping Tak Wu sold 8,880 shares of GSI Technology stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $8.04, for a total value of $71,395.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,509 shares of company stock worth $113,056. 35.50% of the stock is owned by insiders.

About GSI Technology

GSI Technology, Inc, a fabless semiconductor company, designs, develops, and markets memory products primarily for the networking and telecommunications markets in the United States, China, Singapore, the Netherlands, and internationally. It offers synchronous static random access memory (SRAM) products, such as BurstRAMs for microprocessor cache applications; No Bus Turnaround SRAMs to address the needs of moderate performance networking applications; SigmaQuad and SigmaDDR products that are double data rate and quad data rate synchronous SRAMs; and radiation-hardened SRAMs for aerospace and military applications, such as networking satellites and missiles.

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Institutional Ownership by Quarter for GSI Technology (NASDAQ:GSIT)

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