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Here is a breakdown of major shareholders in GSI Technology Inc (NASDAQ: GSIT)

GSI Technology Inc (NASDAQ: GSIT) is 91.67% higher on its value in year-to-date trading and has touched a low of $1.47 and a high of $9.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GSIT stock was last observed hovering at around $4.62 in the last trading session, with the day’s gains setting it 0.44%.

Currently trading at $5.06, the stock is 30.56% and 64.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing 9.52% at the moment leaves the stock 52.43% off its SMA200. GSIT registered 194.19% gain for a year compared to 6-month gain of 92.40%. The firm has a 50-day simple moving average (SMA 50) of $4.37 and a 200-day simple moving average (SMA200) of -$5.11.

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The stock witnessed a 31.77% loss in the last 1 month and extending the period to 3 months gives it a 90.23%, and is 48.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.22% over the week and 14.50% over the month.

GSI Technology Inc (GSIT) has around 156 employees, a market worth around $128.02M and $21.99M in sales. Profit margin for the company is -89.70%. Distance from 52-week low is 244.22% and -48.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-49.17%).

GSI Technology Inc quarterly earnings per share for the current quarter are estimated at $0.

47 institutions hold shares in GSI Technology Inc (GSIT), with institutional investors hold 24.29% of the company’s shares. The shares outstanding are 24.69M, and float is at 17.70M with Short Float at 5.18%. Institutions hold 17.96% of the Float.

The top institutional shareholder in the company is AIGH Capital Management LLC with over 2.0 million shares valued at $11.06 million. The investor’s holdings represent 7.97% of the GSIT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 0.73 million shares valued at $4.04 million to account for 2.91% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 0.67 million shares representing 2.67% and valued at over $3.7 million, while Renaissance Technologies, LLC holds 2.06% of the shares totaling 0.52 million with a market value of $2.86 million.

GSI Technology Inc (GSIT) Insider Activity

The most recent transaction is an insider sale by Yau Robert, the company’s VP, Engin., Sect. & Director. SEC filings show that Yau Robert sold 12,500 shares of the company’s common stock on Aug 30 ’23 at a price of $3.02 per share for a total of $37811.0. Following the sale, the insider now owns 0.93 million shares.

GSI Technology Inc disclosed in a document filed with the SEC on Aug 29 ’23 that Yau Robert (VP, Engin., Sect. & Director) sold a total of 15,263 shares of the company’s common stock. The trade occurred on Aug 29 ’23 and was made at $3.27 per share for $49855.0. Following the transaction, the insider now directly holds 0.94 million shares of the GSIT stock.

Still, SEC filings show that on Aug 24 ’23, Yau Robert (VP, Engin., Sect. & Director) disposed off 18,740 shares at an average price of $3.50 for $65601.0. The insider now directly holds 955,202 shares of GSI Technology Inc (GSIT).

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