FY2027 Earnings Estimate for GCTS Issued By B. Riley

GCT Semiconductor Holding, Inc. (NYSE:GCTS) – B. Riley issued their FY2027 EPS estimates for shares of GCT Semiconductor in a research note issued on Monday, February 3rd. B. Riley analyst C. Ellis forecasts that the company will post earnings of $0.13 per share for the year. 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 FY2028 earnings at $0.30 EPS.

GCT Semiconductor Stock Up 4.2 %

Shares of GCT Semiconductor stock opened at $2.11 on Tuesday. The company has a fifty day moving average of $2.44 and a 200 day moving average of $2.83. GCT Semiconductor has a fifty-two week low of $1.98 and a fifty-two week high of $56.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GCTS. Charles Schwab Investment Management Inc. lifted its position in shares of GCT Semiconductor by 141.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 42,932 shares of the company’s stock worth $144,000 after purchasing an additional 25,183 shares in the last quarter. FMR LLC purchased a new stake in GCT Semiconductor during the third quarter valued at about $134,000. State Street Corp lifted its position 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 worth $503,000 after purchasing an additional 14,786 shares in the last quarter. Barclays PLC increased its holdings in GCT Semiconductor by 321.3% in the third quarter. Barclays PLC now owns 10,799 shares of the company’s stock worth $36,000 after buying an additional 8,236 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in GCT Semiconductor by 2.0% in the third quarter. Geode Capital Management LLC now owns 423,584 shares of the company’s stock worth $1,419,000 after buying an additional 8,458 shares during the last quarter. 28.06% of the stock is owned by hedge funds and other 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.