Rhumbline Advisers acquired a new stake in shares of GCT Semiconductor Holding, Inc. (NYSE:GCTS – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,123 shares of the company’s stock, valued at approximately $37,000.
Separately, Bank of New York Mellon Corp purchased a new stake in shares of GCT Semiconductor in the 2nd quarter worth $89,000. Hedge funds and other institutional investors own 28.06% of the company’s stock.
Insider Buying and Selling at GCT Semiconductor
In related news, major shareholder Anapass, Inc. bought 741,603 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $3.02 per share, with a total value of $2,239,641.06. Following the completion of the acquisition, the insider now directly owns 8,017,466 shares in the company, valued at $24,212,747.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on GCTS
GCT Semiconductor Stock Down 10.4 %
GCTS stock opened at $3.00 on Wednesday. GCT Semiconductor Holding, Inc. has a 52 week low of $2.35 and a 52 week high of $56.00. The stock has a 50 day moving average of $3.30.
GCT Semiconductor (NYSE:GCTS – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.47 million during the quarter. As a group, equities research analysts forecast that GCT Semiconductor Holding, Inc. will post -0.31 EPS for the current fiscal year.
GCT Semiconductor Company Profile
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.
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