GSI Technology, Inc. (NASDAQ:GSIT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in GSI Technology, Inc. (NASDAQ:GSIT) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 164,250 shares of the semiconductor company’s stock after selling 41,500 shares during the quarter. Renaissance Technologies LLC owned 0.64% of GSI Technology worth $498,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of GSI Technology by 19.0% in the 3rd quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company’s stock worth $626,000 after acquiring an additional 32,711 shares during the last quarter. Ethos Financial Group LLC acquired a new position in shares of GSI Technology in the 4th quarter valued at $31,000. WealthPlan Investment Management LLC purchased a new position in GSI Technology in the 4th quarter worth about $114,000. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in GSI Technology by 2.1% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 481,817 shares of the semiconductor company’s stock worth $1,460,000 after buying an additional 9,831 shares during the period. Institutional investors own 33.15% of the company’s stock.

GSI Technology Price Performance

Shares of GSIT opened at $3.35 on Friday. The company has a 50-day moving average of $2.55 and a two-hundred day moving average of $2.92. The stock has a market cap of $85.77 million, a price-to-earnings ratio of -6.70 and a beta of 1.18. GSI Technology, Inc. has a one year low of $1.62 and a one year high of $4.90.

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

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.