Hyunsoo Shin Purchases 16,725 Shares of GCT Semiconductor (NYSE:GCTS) Stock

GCT Semiconductor Holding, Inc. (NYSE:GCTS) Director Hyunsoo Shin bought 16,725 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was bought at an average cost of $1.28 per share, with a total value of $21,408.00. Following the completion of the acquisition, the director owned 757,771 shares of the company’s stock, valued at $969,946.88. This represents a 2.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 purchased at an average price of $1.28 per share, for a total transaction of $4,070.40.
• On Thursday, November 20th, Hyunsoo Shin bought 25,453 shares of GCT Semiconductor stock. The shares were purchased at an average price of $1.28 per share, for a total transaction of $32,579.84.
• On Friday, September 12th, Hyunsoo Shin purchased 44,067 shares of GCT Semiconductor stock. The shares were purchased at an average cost of $1.51 per share, with a total value of $66,541.17.

GCT Semiconductor Trading Up 0.4%

Shares of NYSE GCTS opened at $1.33 on Friday. The company’s 50-day moving average price is $1.45 and its 200 day moving average price is $1.39. GCT Semiconductor Holding, Inc. has a 52 week low of $0.90 and a 52 week high of $2.81. The stock has a market cap of $75.66 million, a price-to-earnings ratio of -1.72 and a beta of 1.21.

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

Hedge Funds Weigh In On GCT Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new stake in GCT Semiconductor during the second quarter worth about $37,000. Blair William & Co. IL acquired a new position in shares of GCT Semiconductor during the 3rd quarter valued at $47,000. Bridgeway Capital Management LLC acquired a new stake in GCT Semiconductor in the 3rd quarter valued at about $76,000. XTX Topco Ltd purchased a new stake in shares of GCT Semiconductor during the second quarter valued at $95,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of GCT Semiconductor by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 69,917 shares of the company’s stock worth $115,000 after buying an additional 25,535 shares during the period. 28.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.