GCT Semiconductor Holding, Inc. (NYSE:GCTS - Free Report) - B. Riley issued their FY2027 EPS estimates for GCT Semiconductor in a research note issued on Monday, February 3rd. B. Riley analyst C. Ellis forecasts that the company will post earnings per share of $0.13 for the year. B. Riley currently has a "Buy" rating and a $5.00 price target on the stock. The consensus estimate for GCT Semiconductor's current full-year earnings is ($0.30) per share. B. Riley also issued estimates for GCT Semiconductor's FY2028 earnings at $0.30 EPS.
GCT Semiconductor Stock Performance
Shares of NYSE GCTS traded down $0.22 during trading hours on Tuesday, reaching $2.02. The stock had a trading volume of 158,854 shares, compared to its average volume of 119,449. GCT Semiconductor has a twelve month low of $1.98 and a twelve month high of $56.00. The business's fifty day moving average is $2.43 and its two-hundred day moving average is $2.80.
Hedge Funds Weigh In On GCT Semiconductor
Hedge funds have recently made changes to their positions in the business. Barclays PLC increased its stake in GCT Semiconductor by 321.3% in the third quarter. Barclays PLC now owns 10,799 shares of the company's stock valued at $36,000 after acquiring an additional 8,236 shares during the period. JPMorgan Chase & Co. grew its stake in shares of GCT Semiconductor by 488.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,258 shares of the company's stock valued at $91,000 after purchasing an additional 22,624 shares during the period. Rhumbline Advisers raised its holdings in shares of GCT Semiconductor by 798.1% in the 4th quarter. Rhumbline Advisers now owns 51,327 shares of the company's stock worth $120,000 after buying an additional 45,612 shares in the last quarter. FMR LLC bought a new position in shares of GCT Semiconductor during the 3rd quarter worth approximately $134,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in GCT Semiconductor by 141.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 42,932 shares of the company's stock valued at $144,000 after buying an additional 25,183 shares in the last quarter. Institutional investors and hedge funds own 28.06% of the company's stock.
About GCT Semiconductor
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GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro.
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