Loading...
PCTI logo

PCTEL, Inc.NasdaqGS:PCTI Stock Report

Market Cap US$132.9m
Share Price
n/a
1Y61.8%
7D0.6%
1D-0.1%
Portfolio Value
​
View

PCTEL, Inc.

NasdaqGS:PCTI Stock Report

Market Cap: US$132.9m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

PCTEL (PCTI) Stock Overview

PCTEL, Inc., together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. More details

PCTI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 48.5% below our estimate of its fair value

Earnings are forecast to grow 17.15% per year

Earnings grew by 274.3% over the past year

Risk Analysis

Shareholders have been diluted in the past year

Volatile share price over the past 3 months

Dividend of 3.15% is not well covered by earnings


PCTI Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

NEW427,787 members

Join community and earn perks

Gain real feedbackFrom our editorial team, personally. Not silence.
Grow your followingReal investors. The kind who actually invest, not scroll past.
Unlock free accessFree premium subscription for consistent and quality authors.
Learn moreCreate Narrative
B
BlackGoat
R
RockeTeller
I
Investingwilly
D
davidlsander
427,787 investors already sharing narratives
View all narratives

PCTEL, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for PCTEL
Historical stock prices
Current Share PriceUS$6.99
52 Week HighUS$7.00
52 Week LowUS$3.78
Beta0.35
1 Month Change1.90%
3 Month Change61.43%
1 Year Change61.81%
3 Year Change6.07%
5 Year Change76.96%
Change since IPO-70.26%

Recent News & Updates

Recent updates

Analysis Article • Apr 28

PCTEL's (NASDAQ:PCTI) Dividend Will Be $0.055

The board of PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend of $0.055 per share on the 15th of...
Analysis Article • Mar 15

PCTEL (NASDAQ:PCTI) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article • Jan 26

PCTEL (NASDAQ:PCTI) Is Paying Out A Dividend Of $0.055

The board of PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend of $0.055 per share on the 15th of...
Analysis Article • Oct 25

PCTEL (NASDAQ:PCTI) Is Due To Pay A Dividend Of $0.055

PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend of $0.055 per share on the 15th of November...
Analysis Article • Sep 27

PCTEL (NASDAQ:PCTI) Is Looking To Continue Growing Its Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Seeking Alpha • Aug 19

PCTEL: Strong Trending Move May Be Only Starting (Technical Analysis)

PCTEL sales saw a 15% increase in the second quarter. Revenues could grow as much as $4 million or 17% in the third quarter. Sales growth is meaningfully impacting margins and earnings. We believe plenty of upside remains on the cards here. Intro We wrote about PCTEL, Inc. (PCTI) back in mid-June, when we stated that longstanding shareholders were close to being rewarded. The reason behind our premise from a technical standpoint was the very strong underside support on the technical chart. What is depicted below with respect to this support is only an eight-year chart, but in reality, long-term support in PCTEL dates back the best part of two decades at this stage. As we see below, shares have been in bull mode since June, tacking on more than $1 a share since that mid-year bottom. Furthermore, this rally has resulted in a convincing crossover of the weekly MACD indicator and a rise above the stock's 200-day moving average of approximately $4.73. Investors who believe they have missed their opportunity in this play should think twice for the following reason. The intermediate MACD indicator remains in deeply oversold territory which means we expect more gains to come when that decisive "center-line" is taken out to the upside. We state this because the chart below not only informs us on how PCTEL´s fundamentals are changing for the better but it also is an excellent read on human psychology. For example, look how investors got on board the momentum trade in PCTI when we had convincing MACD "center-line" crossovers in late 2016, mid-2019, and then in late 2020. In all three circumstances, a strong rally ensued to the upside. We believe the same conditions if not much stronger are on the cards here for PCTEL as we see through the company´s recent trends on its income statement. PCTEL Prints a long-term bottom (Stockcharts.com) Growth Ramping Up Essentially it all boils down to growth rates, which is something PCTEL has suffered with down through the years but not anymore. We see this clearly in the company´s recent second-quarter earnings where sales of $25 million for the quarter were both an 11% sequential increase as well as a 25% gain over the same period of 12 months prior. Furthermore, the $26 million top-line estimate for the third quarter means that it will most likely become seven straight quarters of consecutive year-over-year sales growth which the market is obviously beginning to price in at this stage. Sales are essentially the lifeblood of any company as, without sufficient sales, positive earnings become an impossibility. Although PCTEL´s profitability may not be buoyant at present, remember the market is a forward-looking predictive mechanism and is pricing in the ramifications of how the company´s growing sales will change the company. Over the past four quarters, for example, PCTEL is actually not profitable but near-term trends show the company reporting GAAP earnings of $0.02 per share in Q2 with a further +$0.05 per share expected for the third quarter. In fact, bottom-line earnings are expected to grow by 11% this year followed by much higher expected bottom-line growth in fiscal 2023 (40%+). Dividend Well Covered By Growing Earnings & Margins Sales on the other hand are expected to grow by roughly 14% this year followed by roughly 10% in fiscal 2023. Suffice it to say, the glaring trend with respect to present income statement trends, management´s guidance, as well as analysts´ expectations, is that margins are expected to grow meaningfully going forward. This is all coming off the back of successful product releases as well as far more encouraging market conditions. Through being innovative concerning the value that PCTEL is adding to the marketplace and growing distribution, the runway for growth here is long and the market is beginning to price this in.
Analysis Article • Jul 26

PCTEL (NASDAQ:PCTI) Is Due To Pay A Dividend Of $0.055

The board of PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend on the 15th of August, with...
Seeking Alpha • Jul 18

PCTEL secures multimillion dollar orders for 5G scanning receivers

Wireless technology solutions provider PCTEL (NASDAQ:PCTI) has received multimillion dollar orders from two of its largest network testing solution OEM customers. The orders are for Gflex and HBflex 5G scanning receivers, to be delivered by the end of 2022.
Seeking Alpha • Jul 07

PCTEL receives regulatory European certification for new industrial IoT radio module

PCTEL (NASDAQ:PCTI) receives the Declaration of Conformity in Europe for their IoT Radio Module. The company's industrial grade radio module, RM-WIFI-AC-2X2-HP, meets rigorous customer requirements for Industrial IoT applications. “We are excited to announce the CE Declaration of Conformity for the RM-WIFI-AC-2X2-HP. It is a significant milestone in our strategy to expand PCTEL’s Industrial IoT devices market in Europe,” said Chintan Fafadia, PCTEL’s Vice President, IIoT Device Product Management.
Seeking Alpha • Jun 14

PCTEL: Patient Shareholders To Be Rewarded Shortly

Shares have come right back down and are now approaching long-term support under $4 a share. Strong revenue growth expected to drive earnings growth forward, especially in fiscal 2023. We expect the market to begin pricing in this growth sometime shortly.
Analysis Article • Apr 25

PCTEL (NASDAQ:PCTI) Will Pay A Dividend Of US$0.055

The board of PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend on the 13th of May, with investors...
Seeking Alpha • Mar 08

PCTEL: Investors Need To Remain Patient For Buying Opportunity To Present Itself

Management announced a solid fourth quarter earnings beat buoyed by strong order-book growth. The market though as of yet is not convinced which may mean the $4 level will be at least tested here. The key is to remain profitable. When growth follows, the market will begin to price shares significantly higher.
Analysis Article • Jan 27

PCTEL (NASDAQ:PCTI) Is Due To Pay A Dividend Of US$0.055

The board of PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend on the 15th of February, with...
Seeking Alpha • Nov 30

PCTEL Continues To Be A Sound Income Play

Due to the rangebound nature of this stock, the 4% dividend should get extra attention. We continue to expect a sharp rebound in profitability next year. This should lead to more buybacks and more growth in the dividend over time.
Analysis Article • Oct 25

PCTEL (NASDAQ:PCTI) Has Affirmed Its Dividend Of US$0.055

PCTEL, Inc. ( NASDAQ:PCTI ) will pay a dividend of US$0.055 on the 15th of November. Based on this payment, the...
Analysis Article • Jul 25

PCTEL (NASDAQ:PCTI) Has Affirmed Its Dividend Of US$0.055

The board of PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend on the 13th of August, with...
Analysis Article • May 20

Increases to CEO Compensation Might Be Put On Hold For Now at PCTEL, Inc. (NASDAQ:PCTI)

CEO David Neumann has done a decent job of delivering relatively good performance at PCTEL, Inc. ( NASDAQ:PCTI...
Analysis Article • Apr 13

Returns At PCTEL (NASDAQ:PCTI) Are On The Way Up

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Mar 16

A Look At The Intrinsic Value Of PCTEL, Inc. (NASDAQ:PCTI)

Today we will run through one way of estimating the intrinsic value of PCTEL, Inc. ( NASDAQ:PCTI ) by projecting its...
Analysis Article • Mar 03

Need To Know: PCTEL, Inc. (NASDAQ:PCTI) Insiders Have Been Selling Shares

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that...
Analysis Article • Feb 18

Investors In PCTEL, Inc. (NASDAQ:PCTI) Should Consider This, First

Is PCTEL, Inc. ( NASDAQ:PCTI ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...

Shareholder Returns

PCTIUS CommunicationsUS Market
7D0.6%-0.9%-0.2%
1Y61.8%50.9%11.9%

Return vs Industry: PCTI exceeded the US Communications industry which returned 14.2% over the past year.

Return vs Market: PCTI exceeded the US Market which returned 23.5% over the past year.

Price Volatility

Is PCTI's price volatile compared to industry and market?
PCTI volatility
PCTI Average Weekly Movement13.6%
Communications Industry Average Movement7.8%
Market Average Movement6.8%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.9%

Stable Share Price: PCTI's share price has been volatile over the past 3 months.

Volatility Over Time: PCTI's weekly volatility has increased from 8% to 14% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994213David Neumannwww.pctel.com

PCTEL, Inc., together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT. Its antenna portfolio includes Wi-Fi, Bluetooth, land mobile radio, tetra, global navigation satellite systems, cellular, industrial, scientific, medical, long range, and combination antenna solutions for used in public safety and military communications, utilities and energy, precision agriculture, smart traffic management, electric vehicle charging stations, passengers and cargo vehicles, forestry machinery, and off-road vehicles.

PCTEL, Inc. Fundamentals Summary

How do PCTEL's earnings and revenue compare to its market cap?
PCTI fundamental statistics
Market capUS$132.95m
Earnings (TTM)US$4.26m
Revenue (TTM)US$86.86m
31.2x
P/E Ratio
1.5x
P/S Ratio

Is PCTI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PCTI income statement (TTM)
RevenueUS$86.86m
Cost of RevenueUS$44.58m
Gross ProfitUS$42.28m
Other ExpensesUS$38.01m
EarningsUS$4.26m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin48.67%
Net Profit Margin4.91%
Debt/Equity Ratio0%

How did PCTI perform over the long term?

See historical performance and comparison

Dividends

3.1%
Current Dividend Yield
96%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/12/19 16:50
End of Day Share Price 2023/12/15 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PCTEL, Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William PowerBaird
Marc WiesenbergerB. Riley Securities, Inc.
Jaeson Allen SchmidtLake Street Capital Markets, LLC