B. Riley Cuts Earnings Estimates for GCT Semiconductor

Key Points

• B. Riley has lowered its Q4 2026 earnings per share estimate for GCT Semiconductor from $0.02 to $0.01, amidst a current full-year earnings consensus estimate of ($0.30) per share.
• GCT Semiconductor reported a quarterly loss of ($0.26) per share, falling short of analysts' expectations of ($0.14) and generated $1.18 million in revenue, significantly below the anticipated $2.26 million.
• The stock was recently downgraded from a "hold" to a "strong sell" rating by Wall Street Zen, indicating decreased confidence in the company's future performance.

GCT Semiconductor Holding, Inc. (NYSE:GCTS - Free Report) - Stock analysts at B. Riley cut their Q4 2026 earnings per share estimates for GCT Semiconductor in a report released on Wednesday, August 13th. B. Riley analyst C. Ellis now forecasts that the company will earn $0.01 per share for the quarter, down from their previous estimate of $0.02. The consensus estimate for GCT Semiconductor's current full-year earnings is ($0.30) per share.

GCT Semiconductor (NYSE:GCTS - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.12). The business had revenue of $1.18 million during the quarter, compared to analysts' expectations of $2.26 million.

Separately, Wall Street Zen downgraded GCT Semiconductor from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 22nd.

GCT Semiconductor Stock Up 6.1%

GCTS traded up $0.08 during trading on Thursday, reaching $1.30. The stock had a trading volume of 160,969 shares, compared to its average volume of 363,641. The firm has a market capitalization of $62.77 million, a price-to-earnings ratio of -1.90 and a beta of 1.20. GCT Semiconductor has a 1-year low of $0.90 and a 1-year high of $3.84. The stock has a 50 day moving average of $1.40 and a two-hundred day moving average of $1.58.

Institutional Investors Weigh In On GCT Semiconductor

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted 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 acquiring an additional 25,535 shares during the period. XTX Topco Ltd acquired a new position in GCT Semiconductor in the second quarter worth about $95,000. Renaissance Technologies LLC acquired a new position in GCT Semiconductor in the fourth quarter worth about $58,000. Finally, Squarepoint Ops LLC acquired a new position in GCT Semiconductor in the fourth quarter worth about $45,000. 28.06% of the stock is currently owned by institutional investors.

Insider Transactions at GCT Semiconductor

In related news, Director Hyunsoo Shin purchased 85,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average cost of $1.18 per share, with a total value of $100,300.00. Following the completion of the purchase, the director owned 492,248 shares of the company's stock, valued at $580,852.64. The trade was a 20.87% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 248,000 shares of company stock worth $281,860. 5.40% of the stock is owned by insiders.

About GCT Semiconductor

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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