GCT Semiconductor Holding, Inc. (NYSE:GCTS - Get Free Report)'s share price traded up 1.1% on Monday . The stock traded as high as $1.44 and last traded at $1.41. 108,498 shares were traded during trading, a decline of 53% from the average session volume of 233,044 shares. The stock had previously closed at $1.39.
Wall Street Analysts Forecast Growth
Separately, B. Riley decreased their target price on shares of GCT Semiconductor from $8.00 to $5.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd.
Check Out Our Latest Stock Report on GCT Semiconductor
GCT Semiconductor Trading Up 2.0%
The stock has a market capitalization of $73.33 million, a P/E ratio of -5.85 and a beta of 1.24. The firm's fifty day moving average is $1.60 and its 200-day moving average is $2.10.
GCT Semiconductor (NYSE:GCTS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.04. The firm had revenue of $2.03 million for the quarter, compared to the consensus estimate of $2.03 million. Equities research analysts expect that GCT Semiconductor Holding, Inc. will post -0.3 EPS for the current year.
Hedge Funds Weigh In On GCT Semiconductor
Several institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in GCT Semiconductor during the 4th quarter valued at about $45,000. Renaissance Technologies LLC bought a new position in shares of GCT Semiconductor in the fourth quarter worth about $58,000. Rhumbline Advisers raised its stake in shares of GCT Semiconductor by 798.1% in the fourth quarter. Rhumbline Advisers now owns 51,327 shares of the company's stock worth $120,000 after acquiring an additional 45,612 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of GCT Semiconductor by 488.2% in 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, Barclays PLC raised its stake in shares of GCT Semiconductor by 321.3% in the third quarter. Barclays PLC now owns 10,799 shares of the company's stock worth $36,000 after acquiring an additional 8,236 shares during the last quarter. 28.06% of the stock is owned by institutional investors.
About GCT Semiconductor
(
Get Free Report)
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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