37,601 Shares in GSI Technology, Inc. (NASDAQ:GSIT) Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC acquired a new position in shares of GSI Technology, Inc. (NASDAQ:GSIT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 37,601 shares of the semiconductor company’s stock, valued at approximately $114,000. WealthPlan Investment Management LLC owned approximately 0.15% of GSI Technology as of its most recent filing with the Securities & Exchange Commission.

Separately, Geode Capital Management LLC boosted its position in GSI Technology by 19.0% during the third quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company’s stock valued at $626,000 after purchasing an additional 32,711 shares during the last quarter. 33.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut GSI Technology from a “hold” rating to a “sell” rating in a research report on Monday, October 28th.

GSI Technology Stock Performance

Shares of NASDAQ GSIT opened at $3.46 on Friday. The stock has a 50 day moving average price of $3.07 and a 200 day moving average price of $3.00. GSI Technology, Inc. has a 52 week low of $2.01 and a 52 week high of $6.02. The stock has a market capitalization of $88.20 million, a PE ratio of -6.92 and a beta of 0.98.

GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported ($0.16) EPS for the quarter. GSI Technology had a negative net margin of 64.33% and a negative return on equity of 48.28%.

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.