Silverberg Bernstein Capital Management LLC Purchases 9,831 Shares of GSI Technology, Inc. (NASDAQ:GSIT)

Silverberg Bernstein Capital Management LLC increased its position in shares of GSI Technology, Inc. (NASDAQ:GSIT) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 481,817 shares of the semiconductor company’s stock after acquiring an additional 9,831 shares during the period. GSI Technology makes up approximately 1.3% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 20th largest holding. Silverberg Bernstein Capital Management LLC’s holdings in GSI Technology were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

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

GSI Technology Trading Up 4.0 %

Shares of GSIT opened at $2.84 on Wednesday. GSI Technology, Inc. has a 12-month low of $1.88 and a 12-month high of $6.02. The company has a market cap of $72.38 million, a PE ratio of -4.73 and a beta of 0.98. The stock has a 50-day moving average price of $2.98 and a 200-day moving average price of $2.95.

GSI Technology (NASDAQ:GSIT) last announced 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 company had revenue of $4.55 million for 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.