Two Sigma Investments LP Sells 71,515 Shares of GlobalFoundries Inc. (NASDAQ:GFS)

Two Sigma Investments LP decreased its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,506 shares of the company's stock after selling 71,515 shares during the quarter. Two Sigma Investments LP's holdings in GlobalFoundries were worth $9,290,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its holdings in GlobalFoundries by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 43,238 shares of the company's stock valued at $1,855,000 after acquiring an additional 280 shares during the period. Signaturefd LLC raised its stake in shares of GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company's stock worth $29,000 after buying an additional 411 shares during the period. Mariner LLC raised its stake in shares of GlobalFoundries by 5.5% in the fourth quarter. Mariner LLC now owns 8,111 shares of the company's stock worth $348,000 after buying an additional 420 shares during the period. American Century Companies Inc. lifted its position in shares of GlobalFoundries by 1.7% during the 4th quarter. American Century Companies Inc. now owns 25,949 shares of the company's stock valued at $1,113,000 after buying an additional 438 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of GlobalFoundries by 7.5% during the 4th quarter. Private Advisor Group LLC now owns 6,698 shares of the company's stock valued at $287,000 after acquiring an additional 468 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup decreased their target price on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. UBS Group decreased their price objective on shares of GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. Morgan Stanley decreased their price target on GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of GlobalFoundries in a research report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.09.

GlobalFoundries Price Performance

GlobalFoundries stock traded down $0.41 during midday trading on Wednesday, reaching $36.74. 1,334,731 shares of the stock traded hands, compared to its average volume of 1,822,993. The stock's fifty day moving average is $35.69 and its 200-day moving average is $39.71. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $61.98. The stock has a market cap of $20.31 billion, a P/E ratio of -76.54, a PEG ratio of 1.42 and a beta of 1.54. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current year.

GlobalFoundries Company Profile

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.