10,086 Shares in GSI Technology, Inc. (NASDAQ:GSIT) Bought by Ethos Financial Group LLC

Ethos Financial Group LLC purchased a new position in shares of GSI Technology, Inc. (NASDAQ:GSIT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,086 shares of the semiconductor company’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Silverberg Bernstein Capital Management LLC boosted its position 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 purchasing an additional 9,831 shares during the period. Geode Capital Management LLC boosted its position in GSI Technology by 19.0% during the 3rd quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 32,711 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new stake in GSI Technology during the 4th quarter worth $114,000. 33.15% of the stock is owned by hedge funds and other institutional investors.

GSI Technology Trading Down 0.8 %

Shares of GSI Technology stock opened at $2.56 on Friday. The company has a fifty day moving average price of $3.14 and a 200 day moving average price of $3.07. GSI Technology, Inc. has a twelve month low of $2.01 and a twelve month high of $6.02. The stock has a market cap of $65.54 million, a price-to-earnings ratio of -5.12 and a beta of 0.91.

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

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.