Two Sigma Investments LP Grows Position in GSI Technology, Inc. (NASDAQ:GSIT)

Two Sigma Investments LP lifted its position in shares of GSI Technology, Inc. (NASDAQ:GSIT) by 19.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,960 shares of the semiconductor company’s stock after acquiring an additional 11,149 shares during the period. Two Sigma Investments LP’s holdings in GSI Technology were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GSIT. Northern Trust Corp boosted its holdings in GSI Technology by 30.7% during the fourth quarter. Northern Trust Corp now owns 40,733 shares of the semiconductor company’s stock worth $123,000 after buying an additional 9,557 shares in the last quarter. Geode Capital Management LLC raised its position in shares of GSI Technology by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 208,723 shares of the semiconductor company’s stock worth $633,000 after acquiring an additional 3,607 shares during the period. Barclays PLC purchased a new stake in shares of GSI Technology during the 4th quarter worth about $39,000. Ethos Financial Group LLC acquired a new stake in shares of GSI Technology during the 4th quarter valued at about $31,000. Finally, WealthPlan Investment Management LLC purchased a new position in shares of GSI Technology in the 4th quarter valued at about $114,000. 33.15% of the stock is owned by hedge funds and other institutional investors.

GSI Technology Trading Down 0.6%

NASDAQ GSIT opened at $3.19 on Friday. The stock has a market capitalization of $81.67 million, a price-to-earnings ratio of -6.38 and a beta of 1.11. The stock has a 50-day moving average of $3.07 and a 200 day moving average of $2.96. GSI Technology, Inc. has a twelve month low of $1.62 and a twelve month high of $4.90.

GSI Technology (NASDAQ:GSIT) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.09) EPS for the quarter. The business had revenue of $5.88 million during the quarter. GSI Technology had a negative net margin of 64.33% and a negative return on equity of 50.33%.

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.