Two Sigma Advisers LP cut its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 38.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,800 shares of the company's stock after selling 129,000 shares during the period. Two Sigma Advisers LP's holdings in GlobalFoundries were worth $8,788,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. FMR LLC grew its stake in shares of GlobalFoundries by 7.5% during the fourth quarter. FMR LLC now owns 53,096,556 shares of the company's stock valued at $2,278,373,000 after acquiring an additional 3,721,153 shares in the last quarter. First Trust Advisors LP grew its stake in shares of GlobalFoundries by 1.3% during the fourth quarter. First Trust Advisors LP now owns 3,118,293 shares of the company's stock valued at $133,806,000 after acquiring an additional 40,527 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of GlobalFoundries by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,473,170 shares of the company's stock valued at $106,124,000 after acquiring an additional 132,634 shares in the last quarter. Invesco Ltd. grew its stake in shares of GlobalFoundries by 10.5% during the fourth quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock valued at $100,058,000 after acquiring an additional 221,731 shares in the last quarter. Finally, Analog Century Management LP acquired a new stake in shares of GlobalFoundries during the fourth quarter valued at about $50,298,000.
GlobalFoundries Stock Performance
NASDAQ GFS traded up $0.21 during trading hours on Thursday, reaching $36.95. The company's stock had a trading volume of 293,759 shares, compared to its average volume of 1,812,673. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $35.65 and a 200 day simple moving average of $39.69. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $61.98. The stock has a market cap of $20.43 billion, a PE ratio of -76.99, a PEG ratio of 1.42 and a beta of 1.54.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter last year, the company posted $0.31 earnings per share. GlobalFoundries's revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on GFS shares. Needham & Company LLC upgraded GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a research note on Wednesday, February 12th. Morgan Stanley decreased their price target on GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Cantor Fitzgerald reiterated a "neutral" rating on shares of GlobalFoundries in a research note on Monday, May 5th. Wedbush reiterated an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Wednesday, February 12th. Finally, UBS Group decreased their price target on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.09.
Check Out 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.
Featured Articles
Before you consider GlobalFoundries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GlobalFoundries wasn't on the list.
While GlobalFoundries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
