Ariel Investments LLC increased its stake in GSI Technology, Inc. (NASDAQ:GSIT) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,876,484 shares of the semiconductor company’s stock after buying an additional 24,776 shares during the quarter. Ariel Investments LLC owned approximately 0.09% of GSI Technology worth $14,937,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in GSI Technology by 123.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,546 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 11,343 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in GSI Technology during the 4th quarter valued at $168,000. Teachers Advisors LLC acquired a new stake in GSI Technology during the 2nd quarter valued at $194,000. California State Teachers Retirement System acquired a new stake in GSI Technology during the 2nd quarter valued at $199,000. Finally, Strs Ohio lifted its holdings in GSI Technology by 56.7% during the 3rd quarter. Strs Ohio now owns 29,300 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 10,600 shares during the last quarter. 31.32% of the stock is owned by institutional investors.
GSI Technology, Inc. (NASDAQ:GSIT) opened at $8.88 on Friday. The firm has a market capitalization of $189.09, a price-to-earnings ratio of -34.15 and a beta of 0.76. GSI Technology, Inc. has a 12-month low of $6.05 and a 12-month high of $9.68.
In related news, VP Didier Lasserre sold 10,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $7.91, for a total value of $79,100.00. Following the transaction, the vice president now owns 252,979 shares in the company, valued at $2,001,063.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Yau sold 7,474 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $8.01, for a total value of $59,866.74. The disclosure for this sale can be found here. Insiders have sold a total of 19,869 shares of company stock worth $158,127 in the last quarter. Company insiders own 34.20% of the company’s stock.
Several equities research analysts have issued reports on the company. TheStreet downgraded GSI Technology from a “c” rating to a “d+” rating in a report on Wednesday, February 7th. Needham & Company LLC reiterated a “hold” rating on shares of GSI Technology in a research report on Friday, January 26th.
About GSI Technology
GSI Technology, Inc is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment.
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