B. Riley assumed coverage on shares of GCT Semiconductor (NYSE:GCTS – Free Report) in a report issued on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $8.00 price objective on the stock. B. Riley also issued estimates for GCT Semiconductor’s Q3 2024 earnings at ($0.16) EPS, Q4 2024 earnings at ($0.15) EPS, FY2024 earnings at ($0.31) EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.38) EPS, Q1 2026 earnings at ($0.03) EPS, Q2 2026 earnings at ($0.02) EPS and FY2026 earnings at ($0.06) EPS.
GCT Semiconductor Stock Performance
GCT Semiconductor stock opened at $2.80 on Wednesday. GCT Semiconductor has a 1 year low of $2.47 and a 1 year high of $56.00. The company’s 50-day simple moving average is $4.33.
Hedge Funds Weigh In On GCT Semiconductor
An institutional investor recently bought a new position in GCT Semiconductor stock. Rhumbline Advisers acquired a new stake in GCT Semiconductor Holding, Inc. (NYSE:GCTS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,123 shares of the company’s stock, valued at approximately $37,000. 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.
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