Atom Investors LP lifted its holdings in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 283.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,007 shares of the company's stock after purchasing an additional 40,649 shares during the quarter. Atom Investors LP's holdings in GlobalFoundries were worth $2,214,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of GlobalFoundries by 1,935.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,210 shares of the company's stock valued at $5,120,000 after purchasing an additional 120,960 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in GlobalFoundries by 104.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 104,852 shares of the company's stock valued at $4,220,000 after acquiring an additional 53,509 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in GlobalFoundries during the 3rd quarter worth approximately $372,000. Quantbot Technologies LP grew its stake in shares of GlobalFoundries by 89.0% during the 3rd quarter. Quantbot Technologies LP now owns 73,762 shares of the company's stock worth $2,969,000 after acquiring an additional 34,731 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of GlobalFoundries by 2.4% in the third quarter. FMR LLC now owns 49,375,403 shares of the company's stock valued at $1,987,360,000 after purchasing an additional 1,160,403 shares during the last quarter.
GlobalFoundries Price Performance
Shares of GFS traded down $0.45 during midday trading on Tuesday, hitting $44.67. The company's stock had a trading volume of 273,382 shares, compared to its average volume of 1,622,443. The company has a quick ratio of 1.76, a current ratio of 2.42 and a debt-to-equity ratio of 0.19. GlobalFoundries Inc. has a one year low of $35.85 and a one year high of $62.61. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 10.56 and a beta of 1.59. The company's fifty day simple moving average is $40.97 and its two-hundred day simple moving average is $45.62.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%. The company's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, equities analysts expect that GlobalFoundries Inc. will post 1.22 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Morgan Stanley lowered shares of GlobalFoundries from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $53.00 to $43.00 in a research note on Monday, October 28th. Needham & Company LLC reiterated a "hold" rating on shares of GlobalFoundries in a report on Wednesday, November 6th. TD Cowen reduced their price target on GlobalFoundries from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Cantor Fitzgerald reiterated a "neutral" rating and set a $40.00 price objective on shares of GlobalFoundries in a research note on Wednesday, November 6th. Finally, Robert W. Baird decreased their target price on shares of GlobalFoundries from $63.00 to $50.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, GlobalFoundries has an average rating of "Hold" and a consensus target price of $50.21.
Check Out Our Latest Research Report on GFS
GlobalFoundries Company Profile
(
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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