Key Points
- Director Hyunsoo Shin bought 25,453 shares of GCT Semiconductor on Nov. 20 at $1.28 per share (≈$32,580), increasing his ownership to 737,866 shares (a 3.57% boost); he also purchased 3,180 shares on Nov. 21 and 44,067 shares on Sept. 12.
- GCT's stock opened at $1.35 (1‑year range $0.90–$2.81) and the company reported a loss of ($0.25) EPS last quarter, missing revenue estimates; the firm has a $76.8M market cap and carries an average analyst rating of "Reduce" with a $4.00 consensus target.
GCT Semiconductor Holding, Inc. (NYSE:GCTS - Get Free Report) Director Hyunsoo Shin bought 25,453 shares of the business's stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $1.28 per share, for a total transaction of $32,579.84. Following the completion of the purchase, the director owned 737,866 shares in the company, valued at approximately $944,468.48. This trade represents a 3.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hyunsoo Shin also recently made the following trade(s):
- On Friday, November 21st, Hyunsoo Shin bought 3,180 shares of GCT Semiconductor stock. The stock was acquired at an average cost of $1.28 per share, with a total value of $4,070.40.
- On Friday, September 12th, Hyunsoo Shin purchased 44,067 shares of GCT Semiconductor stock. The shares were acquired at an average cost of $1.51 per share, for a total transaction of $66,541.17.
GCT Semiconductor Trading Up 2.7%
Shares of GCT Semiconductor stock opened at $1.35 on Tuesday. GCT Semiconductor Holding, Inc. has a 1 year low of $0.90 and a 1 year high of $2.81. The stock has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.39. The company has a market cap of $76.80 million, a P/E ratio of -1.75 and a beta of 1.21.
GCT Semiconductor (NYSE:GCTS - Get Free Report) last issued its earnings results on Wednesday, November 12th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.06). The firm had revenue of $0.43 million during the quarter, compared to the consensus estimate of $1.20 million. On average, equities analysts forecast that GCT Semiconductor Holding, Inc. will post -0.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On GCT Semiconductor
Institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP acquired a new stake in shares of GCT Semiconductor in the second quarter worth about $37,000. Blair William & Co. IL bought a new position in shares of GCT Semiconductor in the 3rd quarter valued at approximately $47,000. Bridgeway Capital Management LLC acquired a new stake in GCT Semiconductor in the 3rd quarter worth approximately $76,000. XTX Topco Ltd bought a new stake in GCT Semiconductor during the second quarter worth approximately $95,000. Finally, Goldman Sachs Group Inc. grew its holdings in GCT Semiconductor by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 69,917 shares of the company's stock valued at $115,000 after purchasing an additional 25,535 shares during the last quarter. 28.06% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of GCT Semiconductor in a research note on Wednesday, October 8th. B. Riley reduced their price objective on GCT Semiconductor from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, November 13th. Finally, Zacks Research downgraded GCT Semiconductor from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, GCT Semiconductor has an average rating of "Reduce" and a consensus target price of $4.00.
Check Out Our Latest Stock Analysis on GCT Semiconductor
GCT Semiconductor Company Profile
(
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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