XTX Topco Ltd acquired a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,671 shares of the company's stock, valued at approximately $726,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in GlobalFoundries during the first quarter worth about $33,000. Signaturefd LLC increased its position in GlobalFoundries by 51.3% during the first quarter. Signaturefd LLC now owns 1,026 shares of the company's stock worth $38,000 after purchasing an additional 348 shares during the last quarter. SBI Securities Co. Ltd. increased its position 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 last quarter. Covestor Ltd increased its position in shares of GlobalFoundries by 309.8% during the fourth quarter. Covestor Ltd now owns 1,680 shares of the company's stock valued at $72,000 after acquiring an additional 1,270 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in shares of GlobalFoundries by 305.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,102 shares of the company's stock valued at $90,000 after acquiring an additional 1,583 shares during the last quarter.
GlobalFoundries Trading Down 1.1%
NASDAQ GFS opened at $36.18 on Tuesday. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $47.69. The firm has a 50 day simple moving average of $38.69 and a 200-day simple moving average of $38.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.77 and a current ratio of 2.51. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of -106.41, a PEG ratio of 1.14 and a beta of 1.50.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly 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 2.77% and a positive return on equity of 6.28%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm's quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
GFS has been the subject of a number of recent analyst reports. Argus initiated coverage on shares of GlobalFoundries in a research report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price target for the company. Morgan Stanley dropped their price target on shares of GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Citigroup lifted their price target on shares of GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Wall Street Zen upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, UBS Group lifted their price target on shares of GlobalFoundries from $37.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $47.92.
Get Our Latest Research Report on GFS
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.
Further Reading
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