B. Riley lowered the firm’s price target on GCT Semiconductor (GCTS) to $4 from $4.50 and keeps a Buy rating on the shares. The company’s Q3 report missed estimates following a completed 5G sampling period with volume shipments commencing in Q4, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCTS: