State Street Corp Raises Stock Holdings in GCT Semiconductor Holding, Inc. (NYSE:GCTS)

State Street Corp raised its position in shares of GCT Semiconductor Holding, Inc. (NYSE:GCTS) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,095 shares of the company’s stock after buying an additional 14,786 shares during the period. State Street Corp owned about 0.32% of GCT Semiconductor worth $503,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC purchased a new stake in GCT Semiconductor in the 3rd quarter worth approximately $134,000. Charles Schwab Investment Management Inc. lifted its stake in GCT Semiconductor by 141.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 42,932 shares of the company’s stock worth $144,000 after acquiring an additional 25,183 shares during the period. Rhumbline Advisers bought a new stake in GCT Semiconductor in the second quarter valued at $37,000. Finally, Bank of New York Mellon Corp purchased a new position in GCT Semiconductor during the 2nd quarter valued at $89,000. Institutional investors own 28.06% of the company’s stock.

GCT Semiconductor Stock Performance

Shares of NYSE GCTS opened at $2.49 on Friday. The firm has a fifty day simple moving average of $2.47 and a two-hundred day simple moving average of $3.27. GCT Semiconductor Holding, Inc. has a 12 month low of $2.12 and a 12 month 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.