Viawealth LLC Cuts Stock Position in GSI Technology, Inc. (NASDAQ:GSIT)

Viawealth LLC decreased its position in shares of GSI Technology, Inc. (NASDAQ:GSIT) by 11.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 44,850 shares of the semiconductor company’s stock after selling 6,000 shares during the period. Viawealth LLC’s holdings in GSI Technology were worth $136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GSIT. Ethos Financial Group LLC acquired a new stake in shares of GSI Technology during the fourth quarter worth about $31,000. WealthPlan Investment Management LLC purchased a new stake in GSI Technology during the 4th quarter worth approximately $114,000. Silverberg Bernstein Capital Management LLC lifted 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in GSI Technology by 19.0% in the 3rd quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company’s stock valued at $626,000 after buying an additional 32,711 shares during the period. 33.15% of the stock is currently owned by hedge funds and other institutional investors.

GSI Technology Trading Up 4.3 %

GSI Technology stock opened at $2.67 on Thursday. The firm has a market capitalization of $68.36 million, a P/E ratio of -5.34 and a beta of 0.91. GSI Technology, Inc. has a twelve month low of $2.01 and a twelve month high of $6.02. The stock’s fifty day simple moving average is $3.01 and its 200-day simple moving average is $3.06.

GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported ($0.16) earnings per share for the quarter. GSI Technology had a negative return on equity of 50.33% and a negative net margin of 64.33%.

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.