B. Riley Raises Earnings Estimates for GCT Semiconductor

GCT Semiconductor Holding, Inc. (NYSE:GCTS) – Equities research analysts at B. Riley boosted their Q1 2025 earnings per share (EPS) estimates for shares of GCT Semiconductor in a note issued to investors on Wednesday, March 26th. B. Riley analyst C. Ellis now expects that the company will earn ($0.10) per share for the quarter, up from their previous forecast of ($0.15). B. Riley has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for GCT Semiconductor’s current full-year earnings is ($0.30) per share. B. Riley also issued estimates for GCT Semiconductor’s Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.25) EPS, Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.01 EPS, FY2026 earnings at $0.16 EPS and FY2027 earnings at $0.27 EPS.

GCT Semiconductor Stock Up 2.6 %

NYSE GCTS opened at $1.79 on Friday. GCT Semiconductor has a twelve month low of $1.55 and a twelve month high of $30.52. The stock has a market cap of $85.21 million, a P/E ratio of -6.87 and a beta of 1.16. The company’s 50-day simple moving average is $2.07 and its 200 day simple moving average is $2.40.

GCT Semiconductor (NYSE:GCTS) last announced its quarterly earnings results on Tuesday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.04. The business had revenue of $2.03 million during the quarter, compared to the consensus estimate of $2.03 million.

Institutional Investors Weigh In On GCT Semiconductor

Several large investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of GCT Semiconductor by 321.3% in the 3rd quarter. Barclays PLC now owns 10,799 shares of the company’s stock worth $36,000 after purchasing an additional 8,236 shares during the last quarter. Geode Capital Management LLC increased its stake 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 valued at $1,419,000 after buying an additional 8,458 shares in the last quarter. State Street Corp raised its holdings in shares of GCT Semiconductor by 10.9% in the third quarter. State Street Corp now owns 150,095 shares of the company’s stock valued at $503,000 after buying an additional 14,786 shares during the last quarter. Squarepoint Ops LLC acquired a new position in GCT Semiconductor during the 4th quarter worth about $45,000. Finally, JPMorgan Chase & Co. lifted its holdings in GCT Semiconductor by 488.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,258 shares of the company’s stock worth $91,000 after buying an additional 22,624 shares in the last quarter. 28.06% of the stock is currently owned by institutional investors.

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.