Insider Selling: GSI Technology, Inc. (NASDAQ:GSIT) Director Sells $21,709.38 in Stock

GSI Technology, Inc. (NASDAQ:GSIT) Director Barbara H. Nelson sold 9,779 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $2.22, for a total value of $21,709.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Barbara H. Nelson also recently made the following trade(s):

• On Thursday, August 1st, Barbara H. Nelson sold 100 shares of GSI Technology stock. The stock was sold at an average price of $2.81, for a total value of $281.00.

GSI Technology Stock Down 1.2 %

Shares of NASDAQ:GSIT opened at $2.39 on Friday. The company’s 50-day moving average price is $2.66 and its 200 day moving average price is $3.08. The company has a market cap of $60.82 million, a PE ratio of -2.99 and a beta of 0.94. GSI Technology, Inc. has a fifty-two week low of $1.88 and a fifty-two week high of $6.02.

GSI Technology (NASDAQ:GSIT) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported ($0.14) earnings per share for the quarter. GSI Technology had a negative net margin of 66.67% and a negative return on equity of 45.73%. The business had revenue of $4.67 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com raised GSI Technology from a “sell” rating to a “hold” rating in a research report on Monday, August 5th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. acquired a new stake in GSI Technology in the first quarter worth about $42,000. American Century Companies Inc. lifted its stake in shares of GSI Technology by 42.3% in the 2nd quarter. American Century Companies Inc. now owns 19,827 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 5,890 shares during the period. Viawealth LLC boosted its holdings in shares of GSI Technology by 82.4% in the first quarter. Viawealth LLC now owns 23,350 shares of the semiconductor company’s stock valued at $79,000 after acquiring an additional 10,550 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of GSI Technology during the first quarter valued at approximately $135,000. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in GSI Technology by 2.8% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 465,974 shares of the semiconductor company’s stock worth $1,235,000 after purchasing an additional 12,843 shares in the last quarter. 33.15% of the stock is owned by institutional investors and hedge funds.

About GSI Technology

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.