GCT Semiconductor Holding, Inc. (NYSE:GCTS - Get Free Report)'s share price shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as $2.07 and last traded at $2.02. 67,090 shares changed hands during trading, a decline of 41% from the average session volume of 113,170 shares. The stock had previously closed at $1.98.
Analysts Set New Price Targets
Separately, B. Riley dropped their target price on shares of GCT Semiconductor from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Monday, February 3rd.
Get Our Latest Stock Report on GCTS
GCT Semiconductor Trading Up 1.3 %
The stock has a 50-day moving average price of $2.29 and a two-hundred day moving average price of $2.55.
Institutional Investors Weigh In On GCT Semiconductor
Several large investors have recently bought and sold shares of GCTS. Barclays PLC increased its holdings in shares of GCT Semiconductor by 321.3% in the 3rd quarter. Barclays PLC now owns 10,799 shares of the company's stock worth $36,000 after buying an additional 8,236 shares during the last quarter. Squarepoint Ops LLC bought a new stake in GCT Semiconductor during the fourth quarter worth approximately $45,000. Renaissance Technologies LLC bought a new stake in GCT Semiconductor during the fourth quarter worth approximately $58,000. JPMorgan Chase & Co. increased its stake in GCT Semiconductor by 488.2% during the third quarter. JPMorgan Chase & Co. now owns 27,258 shares of the company's stock worth $91,000 after acquiring an additional 22,624 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of GCT Semiconductor by 798.1% during the 4th quarter. Rhumbline Advisers now owns 51,327 shares of the company's stock valued at $120,000 after purchasing an additional 45,612 shares during the last quarter. Institutional investors 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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