Geode Capital Management LLC Purchases 8,458 Shares of GCT Semiconductor Holding, Inc. (NYSE:GCTS)

Geode Capital Management LLC boosted its position in GCT Semiconductor Holding, Inc. (NYSE:GCTS) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 423,584 shares of the company’s stock after purchasing an additional 8,458 shares during the quarter. Geode Capital Management LLC’s holdings in GCT Semiconductor were worth $1,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of GCT Semiconductor by 321.3% during the 3rd quarter. Barclays PLC now owns 10,799 shares of the company’s stock worth $36,000 after purchasing an additional 8,236 shares in the last quarter. State Street Corp raised 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 valued at $503,000 after buying an additional 14,786 shares in the last quarter. FMR LLC bought a new stake in shares of GCT Semiconductor in the third quarter valued at approximately $134,000. Charles Schwab Investment Management Inc. grew its position in 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 buying an additional 25,183 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in GCT Semiconductor during the 2nd quarter worth $37,000. 28.06% of the stock is owned by institutional investors and hedge funds.

GCT Semiconductor Trading Down 3.4 %

NYSE:GCTS opened at $2.58 on Friday. GCT Semiconductor Holding, Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $56.00. The stock has a fifty day moving average price of $2.48 and a 200-day moving average price of $3.19.

GCT Semiconductor 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.