FY2027 Earnings Estimate for GCTS Issued By B. Riley

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

Shares of NYSE:GCTS opened at $2.11 on Tuesday. The business has a fifty day moving average of $2.44 and a 200-day moving average of $2.83. GCT Semiconductor has a twelve month low of $1.98 and a twelve month high of $56.00.

Hedge Funds Weigh In On GCT Semiconductor

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of GCT Semiconductor by 2.0% during the 3rd 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. State Street Corp boosted its position in 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 during the last quarter. Rhumbline Advisers boosted its position in GCT Semiconductor by 798.1% in the fourth quarter. Rhumbline Advisers now owns 51,327 shares of the company’s stock worth $120,000 after purchasing an additional 45,612 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of GCT Semiconductor by 141.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 42,932 shares of the company’s stock valued at $144,000 after buying an additional 25,183 shares during the last quarter. Finally, FMR LLC purchased a new position in shares of GCT Semiconductor during the 3rd quarter valued at $134,000. 28.06% of the stock is currently owned by institutional investors and hedge funds.

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.