GCT Semiconductor (NYSE:GCTS - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.
GCT Semiconductor (NYSE:GCTS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $1.47 million during the quarter. On average, analysts expect GCT Semiconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
GCT Semiconductor Stock Performance
GCT Semiconductor stock traded up $0.04 during mid-day trading on Thursday, reaching $2.73. The company's stock had a trading volume of 80,074 shares, compared to its average volume of 450,222. GCT Semiconductor has a twelve month low of $2.26 and a twelve month high of $56.00. The business has a 50 day moving average price of $2.69 and a 200-day moving average price of $3.99.
Insider Transactions at GCT Semiconductor
In related news, major shareholder Anapass, Inc. acquired 741,603 shares of GCT Semiconductor stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of $3.02 per share, for a total transaction of $2,239,641.06. Following the transaction, the insider now directly owns 8,017,466 shares of the company's stock, valued at $24,212,747.32. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company's stock.
Analyst Upgrades and Downgrades
Separately, B. Riley initiated coverage on shares of GCT Semiconductor in a research report on Wednesday, August 28th. They set a "buy" rating and a $8.00 price objective for the company.
Read Our Latest Report on GCTS
GCT Semiconductor Company Profile
(
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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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