Barclays PLC Makes New Investment in GSI Technology, Inc. (NASDAQ:GSIT)

Barclays PLC purchased a new position in shares of GSI Technology, Inc. (NASDAQ:GSIT) during the fourth quarter, Holdings Channel reports. The fund purchased 12,798 shares of the semiconductor company’s stock, valued at approximately $39,000.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of GSI Technology by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 208,723 shares of the semiconductor company’s stock valued at $633,000 after purchasing an additional 3,607 shares during the last quarter. Ethos Financial Group LLC acquired a new position in GSI Technology in the fourth quarter valued at $31,000. Finally, WealthPlan Investment Management LLC acquired a new position in shares of GSI Technology in the 4th quarter valued at about $114,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.

GSI Technology Stock Down 2.0%

Shares of NASDAQ:GSIT opened at $3.38 on Friday. GSI Technology, Inc. has a 52-week low of $1.62 and a 52-week high of $4.90. The company has a 50 day moving average of $2.69 and a two-hundred day moving average of $2.92. The company has a market capitalization of $86.53 million, a price-to-earnings ratio of -6.76 and a beta of 1.13.

GSI Technology (NASDAQ:GSIT) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter. The company 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 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.