GSI Technology Inc (NASDAQ:) has reported that Robert Yau, the company’s Secretary, has sold a portion of his holdings in the firm. According to the latest filings, Yau disposed of company stock valued at more than $12,000.
The transactions took place over two consecutive days, with Yau selling a total of 3,825 shares of GSI Technology. On May 15, 2024, he sold 3,590 shares at a price of $3.20 per share. The following day, he sold an additional 235 shares at a weighted average price of $3.2115, with individual sales prices ranging from $3.20 to $3.22.
After these transactions, Yau’s ownership in GSI Technology stands at 923,614 shares. The sales were conducted directly, with Yau acting as Co-Trustee for the Yau Revocable Trust, indicating his continued vested interest in the company’s performance.
GSI Technology, which operates in the semiconductor and related devices industry, has not provided any additional comments on the transactions. Shareholders and interested parties can request detailed information about the exact number of shares sold at each price point within the reported range.
The filings reflect the company’s ongoing business activities and the financial decisions of its executives. Investors often monitor such sales as they can provide insights into an executive’s view of the company’s current valuation and future prospects.
InvestingPro Insights
As GSI Technology Inc (NASDAQ:GSIT) navigates the semiconductor industry landscape, recent movements by company insiders have caught the attention of investors. Robert Yau’s sale of company stock is a notable event, and to provide further context, we turn to metrics and insights from InvestingPro that may help investors understand the company’s current financial standing.
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InvestingPro data shows a market capitalization of $76.64 million for GSI Technology, reflecting the company’s size in the competitive semiconductor sector. The firm’s price-to-earnings (P/E) ratio stands at -3.84, indicating that the company has been unprofitable over the last twelve months, as of Q4 2024. This is echoed in the company’s negative operating income margin of -93.87%, which suggests that GSI Technology is facing challenges in generating profit from its operations.
Despite these challenges, one of the InvestingPro Tips highlights that GSI Technology holds more cash than debt on its balance sheet, which provides a degree of…
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