B. Riley Expects Higher Earnings for GCT Semiconductor

GCT Semiconductor Holding, Inc. (NYSE:GCTS - Free Report) - Investment analysts at B. Riley upped their FY2028 earnings per share (EPS) estimates for shares of GCT Semiconductor in a report issued on Monday, April 28th. B. Riley analyst C. Ellis now expects that the company will earn $0.42 per share for the year, up from their previous forecast of $0.30. B. Riley currently has a "Buy" rating and a $5.00 target price on the stock. The consensus estimate for GCT Semiconductor's current full-year earnings is ($0.30) per share.

GCT Semiconductor (NYSE:GCTS - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.04. The firm had revenue of $2.03 million during the quarter, compared to the consensus estimate of $2.03 million.

GCT Semiconductor Stock Performance

Shares of NYSE:GCTS traded down $0.02 on Thursday, reaching $1.40. The company's stock had a trading volume of 128,762 shares, compared to its average volume of 232,632. The company has a 50-day simple moving average of $1.64 and a 200 day simple moving average of $2.14. The company has a market cap of $67.30 million, a P/E ratio of -5.37 and a beta of 1.24. GCT Semiconductor has a 52-week low of $1.16 and a 52-week high of $7.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GCTS. Geode Capital Management LLC raised its holdings in shares of GCT Semiconductor by 2.0% in the third quarter. Geode Capital Management LLC now owns 423,584 shares of the company's stock worth $1,419,000 after buying an additional 8,458 shares during the period. Rhumbline Advisers grew its holdings in shares of GCT Semiconductor by 798.1% in the fourth quarter. Rhumbline Advisers now owns 51,327 shares of the company's stock worth $120,000 after purchasing an additional 45,612 shares during the last quarter. State Street Corp increased its stake 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 buying an additional 14,786 shares during the period. JPMorgan Chase & Co. boosted its position in GCT Semiconductor by 488.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,258 shares of the company's stock valued at $91,000 after buying an additional 22,624 shares during the period. Finally, Barclays PLC increased its position in shares of GCT Semiconductor by 321.3% during 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 period. 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.