GSI Technology (NASDAQ:GSIT) VP Didier Lasserre Sells 30,000 Shares

GSI Technology, Inc. (NASDAQ:GSIT) VP Didier Lasserre sold 30,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.31, for a total value of $279,300.00. Following the sale, the vice president owned 310,907 shares of the company’s stock, valued at approximately $2,894,544.17. This trade represents a 8.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

GSI Technology Stock Performance

GSIT stock opened at $9.66 on Friday. GSI Technology, Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $18.15. The business’s 50-day moving average is $7.33 and its two-hundred day moving average is $7.21. The company has a market cap of $349.60 million, a price-to-earnings ratio of -23.56 and a beta of 1.94.

GSI Technology (NASDAQ:GSIT) last posted its earnings results on Thursday, May 7th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. GSI Technology had a negative return on equity of 24.91% and a negative net margin of 52.73%.The company had revenue of $6.32 million for the quarter, compared to the consensus estimate of $7.30 million.

Institutional Trading of GSI Technology

Several institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of GSI Technology by 52.1% during the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 4,112 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of GSI Technology during the fourth quarter worth about $31,000. R Squared Ltd purchased a new stake in shares of GSI Technology during the third quarter worth about $38,000. Silverberg Bernstein Capital Management LLC grew its position in shares of GSI Technology by 1.4% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 785,706 shares of the semiconductor company’s stock worth $4,039,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of GSI Technology during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of GSI Technology in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, GSI Technology presently has an average rating of “Sell”.

GSI Technology Company Profile

GSI Technology, Inc is a fabless semiconductor company specializing in the design and development of high-performance memory products. Headquartered in Sunnyvale, California, the company was founded in 1995 and has focused its efforts on content addressable memory (CAM) and high-speed SRAM (static random-access memory) solutions. As a publicly traded company listed on NASDAQ under the ticker GSIT, GSI Technology leverages advanced architectures to meet demanding data-processing requirements.

The company’s core product portfolio includes ternary CAM (TCAM) devices, binary CAM (BCAM) devices and high-speed synchronous SRAM.