GCT Semiconductor Holding, Inc. (NYSE:GCTS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of GCT Semiconductor Holding, Inc. (NYSE:GCTS) by 141.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,932 shares of the company’s stock after purchasing an additional 25,183 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.09% of GCT Semiconductor worth $144,000 at the end of the most recent quarter.

Separately, Rhumbline Advisers purchased a new position in shares of GCT Semiconductor in the second quarter worth about $37,000. 28.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on shares of GCT Semiconductor in a research note on Wednesday, August 28th. They set a “buy” rating and a $8.00 price objective for the company.

Insider Buying and Selling at GCT Semiconductor

In other news, major shareholder Anapass, Inc. purchased 741,603 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of $3.02 per share, for a total transaction of $2,239,641.06. Following the acquisition, the insider now directly owns 8,017,466 shares of the company’s stock, valued at approximately $24,212,747.32. This represents a 10.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

GCT Semiconductor Stock Down 10.0 %

NYSE:GCTS opened at $2.24 on Friday. The stock has a 50 day moving average price of $2.51 and a 200 day moving average price of $3.39. GCT Semiconductor Holding, Inc. has a one year low of $2.12 and a one year high of $56.00.

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.