Key Points
- Insider buying: Director Hyunsoo Shin bought 16,725 shares on Nov 25 at $1.28 (≈$21,408), bringing his total to 757,771 shares (a 2.26% increase) after several other recent purchases.
- Weak quarterly results and mixed analyst view: GCT reported an EPS of ($0.25) and revenue of $0.43M, both missing expectations, and the stock carries an average analyst rating of "Reduce" despite a $4.00 average price target and scattered buy/sell notes.
GCT Semiconductor Holding, Inc. (NYSE:GCTS - Get Free Report) Director Hyunsoo Shin acquired 16,725 shares of GCT Semiconductor stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of $1.28 per share, with a total value of $21,408.00. Following the purchase, the director owned 757,771 shares of the company's stock, valued at $969,946.88. The trade was a 2.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Hyunsoo Shin also recently made the following trade(s):
- On Friday, November 21st, Hyunsoo Shin bought 3,180 shares of GCT Semiconductor stock. The shares were acquired at an average price of $1.28 per share, for a total transaction of $4,070.40.
- On Thursday, November 20th, Hyunsoo Shin bought 25,453 shares of GCT Semiconductor stock. The stock was acquired at an average cost of $1.28 per share, for a total transaction of $32,579.84.
- On Friday, September 12th, Hyunsoo Shin bought 44,067 shares of GCT Semiconductor stock. The stock was acquired at an average cost of $1.51 per share, with a total value of $66,541.17.
GCT Semiconductor Trading Up 0.4%
GCT Semiconductor stock opened at $1.33 on Friday. The stock has a 50 day moving average of $1.44 and a two-hundred day moving average of $1.39. GCT Semiconductor Holding, Inc. has a twelve month low of $0.90 and a twelve month high of $2.81. The stock has a market capitalization of $75.66 million, a price-to-earnings ratio of -1.72 and a beta of 1.21.
GCT Semiconductor (NYSE:GCTS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $0.43 million for the quarter, compared to analysts' expectations of $1.20 million. Equities analysts predict that GCT Semiconductor Holding, Inc. will post -0.3 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on GCTS shares. Zacks Research lowered GCT Semiconductor from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. B. Riley reduced their price target on GCT Semiconductor from $4.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, November 13th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of GCT Semiconductor in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, GCT Semiconductor presently has an average rating of "Reduce" and an average price target of $4.00.
Get Our Latest Stock Analysis on GCT Semiconductor
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in GCTS. Engineers Gate Manager LP acquired a new stake in shares of GCT Semiconductor during the 2nd quarter valued at approximately $37,000. Blair William & Co. IL acquired a new stake in shares of GCT Semiconductor in the 3rd quarter worth approximately $47,000. Bridgeway Capital Management LLC purchased a new position in GCT Semiconductor in the 3rd quarter valued at approximately $76,000. XTX Topco Ltd purchased a new position in shares of GCT Semiconductor in the second quarter valued at $95,000. Finally, Goldman Sachs Group Inc. grew its stake in GCT Semiconductor by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 69,917 shares of the company's stock valued at $115,000 after acquiring an additional 25,535 shares during the last quarter. 28.06% of the stock is owned by hedge funds and other 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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