GCT Semiconductor Holding, Inc. Price & Performance (GCTS)

GCT Semiconductor and Globalstar have joined forces to develop IoT modules enabling two-way satellite and cellular communications. The collaboration will integrate GCT’s chips into Globalstar devices, targeting seamless network transitions. This move positions both firms as leaders in satellite IoT markets, addressing connectivity challenges in remote areas.1

Rhumbline Advisers significantly boosted its holdings in GCT Semiconductor, increasing shares by over 798% in the fourth quarter. Other institutional investors, such as JPMorgan Chase, also expanded positions. The increased interest reflects confidence in GCT’s growth potential, particularly as it advances its presence in the IoT and semiconductor sectors.2

GCT Semiconductor shares have shown significant fluctuations, trading near their 12-month low of $1.85. Analysts maintain a "buy" rating but have revised price targets downward, reflecting cautious optimism. The company faces challenges in stabilizing its stock performance despite its strategic developments in IoT and satellite technologies.34