Geode Capital Management LLC Acquires 3,607 Shares of GSI Technology, Inc. (NASDAQ:GSIT)

Geode Capital Management LLC boosted its stake in shares of GSI Technology, Inc. (NASDAQ:GSIT) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,723 shares of the semiconductor company’s stock after purchasing an additional 3,607 shares during the quarter. Geode Capital Management LLC owned 0.82% of GSI Technology worth $633,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Ethos Financial Group LLC acquired a new stake in GSI Technology during the fourth quarter worth about $31,000. WealthPlan Investment Management LLC acquired a new position in GSI Technology during the 4th quarter worth $114,000. Finally, Silverberg Bernstein Capital Management LLC boosted its position in GSI Technology by 2.1% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 481,817 shares of the semiconductor company’s stock valued at $1,460,000 after buying an additional 9,831 shares during the last quarter. 33.15% of the stock is owned by institutional investors.

GSI Technology Stock Up 6.7 %

GSIT stock opened at $3.35 on Friday. GSI Technology, Inc. has a twelve month low of $1.62 and a twelve month high of $4.90. The company has a market cap of $85.77 million, a P/E ratio of -6.70 and a beta of 1.18. The business has a fifty day moving average of $2.55 and a 200-day moving average of $2.93.

GSI Technology (NASDAQ:GSIT) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $5.88 million for the quarter. GSI Technology had a negative net margin of 64.33% and a negative return on equity of 50.33%.

GSI Technology 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.