GSI Technology, Inc. (NASDAQ:GSIT) Director Barbara H. Nelson Sells 9,779 Shares

GSI Technology, Inc. (NASDAQ:GSIT) Director Barbara H. Nelson sold 9,779 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $2.22, for a total transaction of $21,709.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Barbara H. Nelson also recently made the following trade(s):

• On Thursday, August 1st, Barbara H. Nelson sold 100 shares of GSI Technology stock. The shares were sold at an average price of $2.81, for a total transaction of $281.00.

GSI Technology Stock Performance

Shares of GSIT stock traded up $0.22 during midday trading on Thursday, reaching $2.42. 92,511 shares of the company were exchanged, compared to its average volume of 340,610. The company’s 50 day moving average price is $2.67 and its two-hundred day moving average price is $3.07. The company has a market cap of $61.58 million, a P/E ratio of -3.03 and a beta of 0.94. GSI Technology, Inc. has a 12 month low of $1.88 and a 12 month high of $6.02.

Institutional Trading of GSI Technology

Several institutional investors have recently modified their holdings of the company. Silverberg Bernstein Capital Management LLC increased its holdings in shares of GSI Technology by 2.2% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 453,131 shares of the semiconductor company’s stock valued at $1,541,000 after buying an additional 9,600 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of GSI Technology during the first quarter valued at $42,000. Viawealth LLC increased its stake in GSI Technology by 82.4% in the 1st quarter. Viawealth LLC now owns 23,350 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 10,550 shares in the last quarter. Virtu Financial LLC acquired a new stake in GSI Technology during the 1st quarter worth about $135,000. Finally, American Century Companies Inc. lifted its stake in GSI Technology by 42.3% during the second quarter. American Century Companies Inc. now owns 19,827 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 5,890 shares in the last quarter. Institutional investors and hedge funds own 33.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised GSI Technology from a “sell” rating to a “hold” rating in a report on Monday, August 5th.

GSI Technology Company 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.