GCT Semiconductor Holding, Inc. (NYSE:GCTS - Free Report) - Research analysts at Zacks Research upped their Q3 2026 earnings estimates for shares of GCT Semiconductor in a research report issued on Tuesday, August 11th. Zacks Research analyst L. Thompson now anticipates that the company will post earnings of ($0.10) per share for the quarter, up from their prior estimate of ($0.11). The consensus estimate for GCT Semiconductor's current full-year earnings is ($0.69) per share. Zacks Research also issued estimates for GCT Semiconductor's Q4 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.58) EPS and FY2027 earnings at ($0.08) EPS.
GCT Semiconductor (NYSE:GCTS - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The firm had revenue of $0.97 million for the quarter, compared to the consensus estimate of $3.30 million.
A number of other brokerages also recently issued reports on GCTS. Wall Street Zen downgraded GCT Semiconductor from a "hold" rating to a "sell" rating in a research note on Monday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of GCT Semiconductor in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $3.50.
Get Our Latest Stock Report on GCTS
GCT Semiconductor Trading Up 0.3%
Shares of GCTS opened at $1.98 on Monday. The firm's fifty day simple moving average is $2.39 and its two-hundred day simple moving average is $1.87. GCT Semiconductor has a 12 month low of $0.95 and a 12 month high of $3.93. The stock has a market capitalization of $181.64 million, a P/E ratio of -2.47 and a beta of 1.81.
Institutional Investors Weigh In On GCT Semiconductor
A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in shares of GCT Semiconductor during the second quarter valued at about $401,000. NewEdge Wealth LLC acquired a new stake in shares of GCT Semiconductor in the 2nd quarter valued at about $410,000. Ieq Capital LLC bought a new stake in GCT Semiconductor in the 2nd quarter valued at about $508,000. Evolve Private Wealth LLC bought a new stake in GCT Semiconductor in the 2nd quarter valued at about $551,000. Finally, Meeder Advisory Services Inc. acquired a new position in GCT Semiconductor during the 2nd quarter worth approximately $758,000. 28.06% of the stock is currently owned by institutional investors and hedge funds.
About GCT Semiconductor
(
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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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