Geode Capital Management LLC Has $626,000 Position in GSI Technology, Inc. (NASDAQ:GSIT)

Geode Capital Management LLC raised its holdings in GSI Technology, Inc. (NASDAQ:GSIT) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 205,116 shares of the semiconductor company’s stock after acquiring an additional 32,711 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of GSI Technology worth $626,000 as of its most recent SEC filing.

Separately, American Century Companies Inc. raised its position in GSI Technology by 42.3% during the 2nd quarter. American Century Companies Inc. now owns 19,827 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 5,890 shares during the last quarter. Institutional investors own 33.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

GSI Technology Stock Performance

GSI Technology stock opened at $2.96 on Friday. The firm has a market cap of $75.44 million, a price-to-earnings ratio of -4.93 and a beta of 0.98. GSI Technology, Inc. has a 52-week low of $1.88 and a 52-week high of $6.02. The firm has a 50 day moving average price of $2.98 and a two-hundred day moving average price of $2.95.

GSI Technology (NASDAQ:GSIT) last released its earnings results on Thursday, October 24th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter. GSI Technology had a negative net margin of 77.71% and a negative return on equity of 54.03%. The firm had revenue of $4.55 million during the quarter.

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.