GCT Semiconductor (GCTS) Set to Announce Earnings on Thursday

GCT Semiconductor (NYSE:GCTS) is scheduled to release its earnings data after the market closes on Thursday, November 14th. Analysts expect GCT Semiconductor to post earnings of ($0.16) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

GCT Semiconductor (NYSE:GCTS) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.47 million during 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 Performance

Shares of NYSE GCTS opened at $2.79 on Wednesday. GCT Semiconductor has a one year low of $2.26 and a one year high of $56.00. The company’s fifty day moving average is $2.69 and its two-hundred day moving average is $3.95.

Insiders Place Their Bets

In other GCT Semiconductor news, major shareholder Anapass, Inc. purchased 741,603 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $3.02 per share, with a total value of $2,239,641.06. Following the purchase, the insider now owns 8,017,466 shares in the company, valued at approximately $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 at this link. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

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

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.