GlobalFoundries Inc. (NASDAQ:GFS) Shares Acquired by Versor Investments LP

Versor Investments LP raised its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 167.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,008 shares of the company's stock after purchasing an additional 11,908 shares during the quarter. Versor Investments LP's holdings in GlobalFoundries were worth $765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFS. Ghisallo Capital Management LLC grew its holdings in GlobalFoundries by 200.0% during the 2nd quarter. Ghisallo Capital Management LLC now owns 300,000 shares of the company's stock worth $15,168,000 after acquiring an additional 200,000 shares in the last quarter. Lazard Asset Management LLC increased its holdings in GlobalFoundries by 47.3% in the first quarter. Lazard Asset Management LLC now owns 2,446 shares of the company's stock valued at $127,000 after buying an additional 786 shares during the last quarter. Global X Japan Co. Ltd. raised its stake in GlobalFoundries by 52.0% in the second quarter. Global X Japan Co. Ltd. now owns 63,646 shares of the company's stock valued at $3,218,000 after buying an additional 21,765 shares in the last quarter. Tidal Investments LLC lifted its holdings in GlobalFoundries by 343.7% during the 1st quarter. Tidal Investments LLC now owns 94,320 shares of the company's stock worth $4,915,000 after buying an additional 73,060 shares during the last quarter. Finally, Renaissance Capital LLC boosted its position in shares of GlobalFoundries by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 106,047 shares of the company's stock worth $4,268,000 after acquiring an additional 17,707 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GFS. Robert W. Baird reduced their price target on shares of GlobalFoundries from $63.00 to $50.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. TD Cowen decreased their price objective on shares of GlobalFoundries from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of GlobalFoundries from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Susquehanna decreased their price objective on shares of GlobalFoundries from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Morgan Stanley downgraded shares of GlobalFoundries from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $53.00 to $43.00 in a research note on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, GlobalFoundries currently has a consensus rating of "Hold" and an average price target of $50.46.

GlobalFoundries Trading Up 0.9 %

GFS traded up $0.37 during trading on Wednesday, hitting $42.46. The company's stock had a trading volume of 524,849 shares, compared to its average volume of 1,624,122. GlobalFoundries Inc. has a twelve month low of $35.85 and a twelve month high of $62.61. The stock has a market cap of $23.43 billion, a PE ratio of 31.49, a PEG ratio of 10.28 and a beta of 1.53. The firm's 50 day moving average price is $40.19 and its 200-day moving average price is $46.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.08. GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The company's quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts expect that GlobalFoundries Inc. will post 1.22 earnings per share 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.