5 Best Semiconductor Stocks to Buy Under $30

4. GSI Technology, Inc. (NASDAQ:GSIT)

Stock Price: $9.635

Number of Hedge Fund Holders: 13

GSI Technology, Inc. (NASDAQ:GSIT) is one of the Best Semiconductor Stocks to Buy Under $30. On May 7, the company reported its financial results for Q4 2026 and FY 2026, with yearly revenue rising 22% to $25.1 million, thanks to robust SRAM sales to chip design and simulation customers.

Furthermore, the gross margin increased to 54.5% from 49.4% because of a favorable product mix weighted towards higher-margin SRAM products. Overall, GSI Technology, Inc. (NASDAQ:GSIT) saw strong progress in FY 2026, amidst improvement in SRAM revenue, third-party validation of its APU’s performance-per-watt advantage, and initial customer engagements for Gemini-II.

For Q1 2027, GSI Technology, Inc. (NASDAQ:GSIT) expects net revenues of between $5.9 million – $6.7 million, with the gross margin of ~54% – 56%. The company reported a quarter-end cash balance of $67.2 million in cash and no debt, resulting in a healthy balance sheet to help the ongoing initiatives through Gemini-II commercialization.

GSI Technology, Inc. (NASDAQ:GSIT) is engaged in designing, developing, and marketing semiconductor memory solutions.