Avidan Akerib Sells 19,653 Shares of GSI Technology (NASDAQ:GSIT) Stock

Posted by Brenda Bartman on May 15th, 2026

GSI Technology, Inc. (NASDAQ:GSIT – Get Free Report) VP Avidan Akerib sold 19,653 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $11.47, for a total value of $225,419.91. Following the completion of the transaction, the vice president owned 23,307 shares of the company’s stock, valued at $267,331.29. The trade was a 45.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Avidan Akerib also recently made the following trade(s):

On Tuesday, May 12th, Avidan Akerib sold 347 shares of GSI Technology stock. The shares were sold at an average price of $12.03, for a total value of $4,174.41.

GSI Technology Stock Down 11.4%

Shares of GSIT stock opened at $10.86 on Friday. GSI Technology, Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $18.15. The stock has a market cap of $393.02 million, a P/E ratio of -26.49 and a beta of 1.94. The business has a fifty day simple moving average of $7.22 and a 200-day simple moving average of $7.26.

GSI Technology (NASDAQ:GSIT – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. GSI Technology had a negative return on equity of 24.91% and a negative net margin of 52.73%.The business had revenue of $6.32 million during the quarter, compared to analysts’ expectations of $7.30 million.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of GSI Technology in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Research Report on GSI Technology

Institutional Trading of GSI Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC purchased a new stake in GSI Technology during the 4th quarter worth about $31,000. R Squared Ltd purchased a new stake in GSI Technology during the 3rd quarter worth about $38,000. Osaic Holdings Inc. increased its position in GSI Technology by 52.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 4,112 shares in the last quarter. Bank of America Corp DE increased its position in GSI Technology by 8,247.6% during the 2nd quarter. Bank of America Corp DE now owns 13,690 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 13,526 shares in the last quarter. Finally, Prelude Capital Management LLC purchased a new stake in GSI Technology during the 3rd quarter worth about $52,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.

About GSI Technology

(Get Free Report)

GSI Technology, Inc is a fabless semiconductor company specializing in the design and development of high-performance memory products. Headquartered in Sunnyvale, California, the company was founded in 1995 and has focused its efforts on content addressable memory (CAM) and high-speed SRAM (static random-access memory) solutions. As a publicly traded company listed on NASDAQ under the ticker GSIT, GSI Technology leverages advanced architectures to meet demanding data-processing requirements.

The company’s core product portfolio includes ternary CAM (TCAM) devices, binary CAM (BCAM) devices and high-speed synchronous SRAM.