GSI Technology (NASDAQ:GSIT) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of GSI Technology (NASDAQ:GSIT) from a sell rating to a hold rating in a research report sent to investors on Monday.

GSI Technology Price Performance

NASDAQ GSIT traded down $0.02 during trading hours on Monday, reaching $2.35. The company’s stock had a trading volume of 85,446 shares, compared to its average volume of 351,456. GSI Technology has a 1-year low of $1.88 and a 1-year high of $6.02. The firm has a market capitalization of $59.67 million, a price-to-earnings ratio of -3.03 and a beta of 0.94. The company’s 50-day moving average is $2.73 and its two-hundred day moving average is $3.08.

Insider Transactions at GSI Technology

In related news, Director Barbara H. Nelson 27,005 shares of the business’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in GSI Technology during the 1st quarter worth approximately $135,000. Silverberg Bernstein Capital Management LLC lifted its position in GSI Technology by 2.8% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 465,974 shares of the semiconductor company’s stock valued at $1,235,000 after purchasing an additional 12,843 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of GSI Technology during the first quarter worth approximately $42,000. Finally, Viawealth LLC grew its position in GSI Technology by 82.4% in the 1st quarter. Viawealth LLC now owns 23,350 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 10,550 shares in the last quarter. Institutional investors and hedge funds own 33.15% of the company’s stock.

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.