AIGH Capital Management LLC Sells 1,055,409 Shares of GSI Technology, Inc. (NASDAQ:GSIT)

AIGH Capital Management LLC lessened its holdings in GSI Technology, Inc. (NASDAQ:GSIT) by 52.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 944,591 shares of the semiconductor company’s stock after selling 1,055,409 shares during the quarter. GSI Technology makes up approximately 1.0% of AIGH Capital Management LLC’s holdings, making the stock its 29th biggest holding. AIGH Capital Management LLC owned about 3.73% of GSI Technology worth $2,494,000 at the end of the most recent quarter.

Separately, Silverberg Bernstein Capital Management LLC bought a new position in shares of GSI Technology in the 4th quarter valued at about $1,171,000. Institutional investors own 33.15% of the company’s stock.

GSI Technology Stock Up 2.6 %

Shares of NASDAQ GSIT traded up $0.07 during mid-day trading on Monday, hitting $2.79. The company’s stock had a trading volume of 64,600 shares, compared to its average volume of 455,878. GSI Technology, Inc. has a one year low of $1.88 and a one year high of $9.80. The company’s fifty day simple moving average is $3.61 and its 200-day simple moving average is $3.02.

GSI Technology (NASDAQ:GSIT) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $5.15 million during the quarter. GSI Technology had a negative net margin of 92.29% and a negative return on equity of 45.13%.

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.