GCT Semiconductor (NYSE:GCTS) Director Hyunsoo Shin Purchases 25,453 Shares of Stock

GCT Semiconductor Holding, Inc. (NYSE:GCTS) Director Hyunsoo Shin purchased 25,453 shares of GCT Semiconductor stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $1.28 per share, for a total transaction of $32,579.84. Following the completion of the acquisition, the director owned 737,866 shares in the company, valued at $944,468.48. The trade was a 3.57% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hyunsoo Shin also recently made the following trade(s):

• On Friday, November 21st, Hyunsoo Shin purchased 3,180 shares of GCT Semiconductor stock. The stock was bought at an average price of $1.28 per share, for a total transaction of $4,070.40.
• On Friday, September 12th, Hyunsoo Shin acquired 44,067 shares of GCT Semiconductor stock. The shares were purchased at an average price of $1.51 per share, with a total value of $66,541.17.

GCT Semiconductor Price Performance

Shares of GCTS stock traded up $0.04 during trading hours on Monday, hitting $1.35. The stock had a trading volume of 97,877 shares, compared to its average volume of 344,772. The stock has a market capitalization of $76.80 million, a price-to-earnings ratio of -1.75 and a beta of 1.21. GCT Semiconductor Holding, Inc. has a one year low of $0.90 and a one year high of $2.81. The stock’s 50-day moving average price is $1.47 and its two-hundred day moving average price is $1.39.

GCT Semiconductor (NYSE:GCTS) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). The business had revenue of $0.43 million during the quarter, compared to analyst estimates of $1.20 million. As a group, equities research analysts predict that GCT Semiconductor Holding, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on GCTS. Zacks Research lowered shares of GCT Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Weiss Ratings restated a “sell (e+)” rating on shares of GCT Semiconductor in a report on Wednesday, October 8th. Finally, B. Riley cut their price target on shares of GCT Semiconductor from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GCT Semiconductor presently has an average rating of “Reduce” and an average target price of $4.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in GCT Semiconductor by 3.3% during the third quarter. Vanguard Group Inc. now owns 1,583,800 shares of the company’s stock worth $2,407,000 after buying an additional 50,799 shares during the period. Jane Street Group LLC bought a new position in GCT Semiconductor in the second quarter worth about $246,000. Goldman Sachs Group Inc. lifted its position in shares of GCT Semiconductor by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 69,917 shares of the company’s stock valued at $115,000 after buying an additional 25,535 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of GCT Semiconductor during the second quarter valued at about $95,000. Finally, Bridgeway Capital Management LLC purchased a new stake in GCT Semiconductor during the third quarter valued at approximately $76,000. 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.