GSI Technology, Inc. (NASDAQ:GSIT) Insider Sells 3,590 Shares

GSI Technology, Inc. (NASDAQ:GSITGet Free Report) insider Robert Yau sold 3,590 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $3.20, for a total transaction of $11,488.00. Following the sale, the insider now directly owns 923,849 shares of the company’s stock, valued at $2,956,316.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

GSI Technology Stock Performance

Shares of NASDAQ:GSIT opened at $2.94 on Friday. The firm has a fifty day moving average price of $3.74 and a 200 day moving average price of $3.00. GSI Technology, Inc. has a fifty-two week low of $1.88 and a fifty-two week high of $9.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Viawealth LLC increased its holdings in shares of GSI Technology by 82.4% in the first quarter. Viawealth LLC now owns 23,350 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 10,550 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in GSI Technology during the first quarter valued at approximately $42,000. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in GSI Technology by 2.2% during the 1st 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. Institutional investors own 33.15% of the company’s stock.

About GSI Technology

(Get Free Report)

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.

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