GSI Technology (NASDAQ:GSIT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of GSI Technology, Inc. (NASDAQ:GSIT) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.94 and traded as high as $6.62. GSI Technology shares last traded at $6.37, with a volume of 770,246 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of GSI Technology in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

GSI Technology Stock Down 3.3%

The firm has a market cap of $224.48 million, a price-to-earnings ratio of -17.22 and a beta of 1.45. The company’s 50-day moving average price is $6.95 and its 200-day moving average price is $5.94.

GSI Technology (NASDAQ:GSIT) last released its quarterly earnings results on Thursday, January 29th. The semiconductor company reported ($0.09) earnings per share for the quarter. GSI Technology had a negative return on equity of 30.68% and a negative net margin of 43.15%.The company had revenue of $6.08 million for the quarter.

Institutional Investors Weigh In On GSI Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of GSI Technology by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 937,711 shares of the semiconductor company’s stock valued at $3,451,000 after acquiring an additional 75,882 shares during the period. Silverberg Bernstein Capital Management LLC boosted its position in GSI Technology by 2.8% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 774,506 shares of the semiconductor company’s stock valued at $4,810,000 after buying an additional 21,332 shares during the period. Two Sigma Investments LP grew its stake in GSI Technology by 46.6% during the 3rd quarter. Two Sigma Investments LP now owns 391,258 shares of the semiconductor company’s stock worth $1,440,000 after purchasing an additional 124,360 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of GSI Technology by 34.5% in the 4th quarter. Geode Capital Management LLC now owns 325,567 shares of the semiconductor company’s stock valued at $2,023,000 after buying an additional 83,427 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of GSI Technology by 47.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 235,517 shares of the semiconductor company’s stock worth $867,000 after buying an additional 76,268 shares during the period. Hedge funds and other institutional investors own 33.15% of the company’s stock.

About GSI Technology

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.