GSI Technology (NASDAQ:GSIT) Reaches New 1-Year High – Time to Buy?

GSI Technology, Inc. (NASDAQ:GSIT)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $13.43 and last traded at $17.48, with a volume of 21838158 shares trading hands. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GSI Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, GSI Technology currently has an average rating of “Sell”.

GSI Technology Stock Performance

The stock has a market cap of $315.92 million, a P/E ratio of -20.11 and a beta of 1.20. The firm has a 50 day moving average of $4.01 and a two-hundred day moving average of $3.67.

GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported ($0.08) EPS for the quarter. GSI Technology had a negative return on equity of 43.27% and a negative net margin of 62.96%.The business had revenue of $6.28 million for the quarter. GSI Technology has set its Q2 2026 guidance at EPS.

Insider Buying and Selling

In other GSI Technology news, VP Avidan Akerib sold 10,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $3.89, for a total value of $38,900.00. Following the completion of the sale, the vice president directly owned 23,307 shares of the company’s stock, valued at $90,664.23. This represents a 30.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of GSI Technology by 52.1% in the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 4,112 shares during the period. Bank of America Corp DE raised its holdings in GSI Technology by 8,247.6% in the 2nd quarter. Bank of America Corp DE now owns 13,690 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 13,526 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of GSI Technology in the 2nd quarter worth approximately $55,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of GSI Technology during the 2nd quarter worth approximately $55,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of GSI Technology during the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 33.15% of the company’s stock.

About GSI Technology

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.