PDT Partners LLC purchased a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,476 shares of the company's stock, valued at approximately $350,000.
Other large investors have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of GlobalFoundries during the first quarter valued at approximately $33,000. Signaturefd LLC raised its holdings in shares of GlobalFoundries by 51.3% during the first quarter. Signaturefd LLC now owns 1,026 shares of the company's stock valued at $38,000 after acquiring an additional 348 shares during the period. Summit Securities Group LLC raised its holdings in shares of GlobalFoundries by 142.2% during the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock valued at $48,000 after acquiring an additional 762 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of GlobalFoundries by 26.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company's stock valued at $57,000 after acquiring an additional 320 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of GlobalFoundries during the first quarter valued at approximately $102,000.
GlobalFoundries Stock Down 0.1%
GFS stock traded down $0.04 during trading hours on Wednesday, hitting $32.11. The company's stock had a trading volume of 993,426 shares, compared to its average volume of 2,104,079. The company has a quick ratio of 1.92, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $17.75 billion, a PE ratio of -153.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.48. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69. The stock has a 50 day moving average price of $36.34 and a two-hundred day moving average price of $36.65.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. On average, equities research analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Wedbush cut their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Wall Street Zen lowered shares of GlobalFoundries from a "buy" rating to a "hold" rating in a research note on Sunday. Citigroup upped their price objective on shares of GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. Morgan Stanley dropped their price objective on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Finally, UBS Group dropped their price objective on shares of GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $43.79.
Read Our Latest Analysis on GlobalFoundries
About GlobalFoundries
(
Free Report)
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.
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