GCT Semiconductor (GCTS) to Release Earnings on Thursday

GCT Semiconductor (NYSE:GCTS) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

GCT Semiconductor (NYSE:GCTS) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.47 million for the quarter. On average, analysts expect GCT Semiconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GCT Semiconductor Stock Up 3.1 %

Shares of GCT Semiconductor stock opened at $2.69 on Thursday. The business has a fifty day simple moving average of $2.69 and a two-hundred day simple moving average of $3.99. GCT Semiconductor has a 1 year low of $2.26 and a 1 year high of $56.00.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, major shareholder Anapass, Inc. bought 741,603 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $3.02 per share, with a total value of $2,239,641.06. Following the completion of the purchase, the insider now directly owns 8,017,466 shares in the company, valued at $24,212,747.32. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

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.