Citigroup Inc. Has $18.92 Million Stock Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

Citigroup Inc. lowered its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,492 shares of the company's stock after selling 27,141 shares during the period. Citigroup Inc. owned about 0.09% of GlobalFoundries worth $18,916,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GFS. Pacer Advisors Inc. boosted its stake in shares of GlobalFoundries by 8,540.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock valued at $91,265,000 after purchasing an additional 2,444,018 shares in the last quarter. Analog Century Management LP acquired a new position in GlobalFoundries during the 4th quarter worth about $50,298,000. BNP Paribas Financial Markets acquired a new position in GlobalFoundries during the 4th quarter worth about $22,912,000. Adage Capital Partners GP L.L.C. acquired a new position in GlobalFoundries during the 4th quarter worth about $16,091,000. Finally, Balyasny Asset Management L.P. acquired a new position in GlobalFoundries during the 4th quarter worth about $11,778,000.

GlobalFoundries Trading Down 0.1%

Shares of GFS stock traded down $0.03 on Friday, reaching $33.07. The company had a trading volume of 2,595,062 shares, compared to its average volume of 2,703,392. The company has a current ratio of 2.63, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. The stock has a market cap of $18.28 billion, a PE ratio of -157.47, a PEG ratio of 1.08 and a beta of 1.50. The company has a 50-day moving average of $37.94 and a 200-day moving average of $37.65. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%. GlobalFoundries's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. On average, equities analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup upped their price target on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. Wedbush reduced their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Cantor Fitzgerald reiterated a "neutral" rating on shares of GlobalFoundries in a research report on Monday, May 5th. Wall Street Zen downgraded shares of GlobalFoundries from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group reduced their price target on shares of GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $44.92.

About GlobalFoundries

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.