GSI Technology, Inc. (NASDAQ:GSIT) Director Sells $62,128.00 in Stock

GSI Technology, Inc. (NASDAQ:GSIT) Director Robert Yau sold 7,766 shares of GSI Technology stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.00, for a total transaction of $62,128.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Robert Yau also recently made the following trade(s):

  • On Thursday, September 19th, Robert Yau sold 4,592 shares of GSI Technology stock. The stock was sold at an average price of $9.00, for a total transaction of $41,328.00.
  • On Tuesday, September 17th, Robert Yau sold 37 shares of GSI Technology stock. The stock was sold at an average price of $9.00, for a total transaction of $333.00.

GSI Technology stock opened at $7.70 on Friday. The stock has a market cap of $182.81 million, a P/E ratio of 798.00 and a beta of 1.38. The company has a fifty day simple moving average of $8.05 and a 200-day simple moving average of $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 data on Thursday, October 24th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The business had revenue of $11.74 million during the quarter. GSI Technology had a net margin of 0.51% and a return on equity of 0.29%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Heartland Advisors Inc. purchased a new stake in GSI Technology in the second quarter valued at $1,714,000. Commonwealth Equity Services LLC lifted its position in GSI Technology by 53.1% in the second quarter. Commonwealth Equity Services LLC now owns 33,719 shares of the semiconductor company’s stock valued at $288,000 after acquiring an additional 11,699 shares during the last quarter. Strs Ohio lifted its position in GSI Technology by 130.1% in the third quarter. Strs Ohio now owns 39,800 shares of the semiconductor company’s stock valued at $348,000 after acquiring an additional 22,500 shares during the last quarter. BlackRock Inc. lifted its position in GSI Technology by 1,277.8% in the second quarter. BlackRock Inc. now owns 805,386 shares of the semiconductor company’s stock valued at $6,902,000 after acquiring an additional 746,933 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in GSI Technology in the second quarter valued at $465,000. 30.53% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of GSI Technology from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th.

GSI Technology Company Profile

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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