GCT Semiconductor (NYSE:GCTS) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Earnings beat but revenue missed: GCT reported a loss of ($0.15) EPS, beating analysts' consensus by $0.07, while revenue came in at $0.76M versus $0.96M expected.
• Stock reaction and valuation: Shares rose about 3.5% to $1.34 after the report, giving the company a market cap of roughly $96.8M and a 12‑month trading range of $0.90–$2.47.
• Mixed analyst and institutional signals: Hedge funds own about 28.1% after recent position increases, HC Wainwright reiterated a Buy with a $3 target, but the consensus rating is a "Hold" (two Buy, two Sell; average target $3.50).

GCT Semiconductor (NYSE:GCTS - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.07, FiscalAI reports. The business had revenue of $0.76 million for the quarter, compared to the consensus estimate of $0.96 million.

GCT Semiconductor Stock Up 3.5%

GCTS stock traded up $0.05 during mid-day trading on Wednesday, hitting $1.34. The company had a trading volume of 3,884,885 shares, compared to its average volume of 4,540,836. The company has a 50-day moving average price of $1.17 and a 200 day moving average price of $1.32. GCT Semiconductor has a 12-month low of $0.90 and a 12-month high of $2.47. The company has a market capitalization of $96.75 million, a price-to-earnings ratio of -1.73 and a beta of 1.23.

Institutional Investors Weigh In On GCT Semiconductor

A number of hedge funds have recently made changes to their positions in the company. State Street Corp grew its holdings in GCT Semiconductor by 8.9% during the 4th quarter. State Street Corp now owns 144,689 shares of the company's stock valued at $174,000 after buying an additional 11,800 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of GCT Semiconductor by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 414,944 shares of the company's stock worth $498,000 after acquiring an additional 17,867 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of GCT Semiconductor during the 4th quarter worth approximately $26,000. Engineers Gate Manager LP bought a new position in shares of GCT Semiconductor during the 2nd quarter valued at approximately $37,000. Finally, Bridgeway Capital Management LLC grew its holdings in shares of GCT Semiconductor by 50.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,000 shares of the company's stock valued at $90,000 after purchasing an additional 25,000 shares in the last quarter. 28.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a "buy" rating and set a $3.00 target price on shares of GCT Semiconductor in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, GCT Semiconductor currently has an average rating of "Hold" and a consensus price target of $3.50.

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. It also develops and sells cellular IoT chipsets for low-speed mobile networks such as eMTC/NB-IOT/Sigfox, and other network protocols; and 5G solutions. Its products and solutions are used in smartphones, tablets, hotspots, CPEs, USB dongles, routers, and M2M applications.

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