B. Riley Research Analysts Boost Earnings Estimates for GCTS

GCT Semiconductor Holding, Inc. (NYSE:GCTS) – Investment analysts at B. Riley upped their FY2028 EPS estimates for shares of GCT Semiconductor in a note issued to investors on Monday, April 28th. B. Riley analyst C. Ellis now expects that the company will post earnings of $0.42 per share for the year, up from their previous estimate of $0.30. B. Riley has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for GCT Semiconductor’s current full-year earnings is ($0.30) per share.

GCT Semiconductor (NYSE:GCTS) last issued its quarterly earnings results on Tuesday, March 25th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The business had revenue of $2.03 million for the quarter, compared to analysts’ expectations of $2.03 million.

GCT Semiconductor Price Performance

NYSE:GCTS opened at $1.41 on Thursday. The stock’s 50-day moving average is $1.66 and its two-hundred day moving average is $2.16. The stock has a market cap of $67.79 million, a PE ratio of -5.40 and a beta of 1.22. GCT Semiconductor has a fifty-two week low of $1.16 and a fifty-two week high of $7.00.

Institutional Investors Weigh In On GCT Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased 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. Geode Capital Management LLC grew its stake in GCT Semiconductor by 2.0% in the third quarter. Geode Capital Management LLC now owns 423,584 shares of the company’s stock valued at $1,419,000 after purchasing an additional 8,458 shares in the last quarter. State Street Corp increased its position in GCT Semiconductor by 10.9% in the 3rd quarter. State Street Corp now owns 150,095 shares of the company’s stock worth $503,000 after purchasing an additional 14,786 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of GCT Semiconductor during the 4th quarter worth about $45,000. Finally, JPMorgan Chase & Co. raised its stake in shares of GCT Semiconductor by 488.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,258 shares of the company’s stock worth $91,000 after purchasing an additional 22,624 shares in the last quarter. Hedge funds and other institutional investors own 28.06% of the company’s stock.

GCT Semiconductor Company Profile

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.