19,671 Shares in GlobalFoundries Inc. (NASDAQ:GFS) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new position in GlobalFoundries Inc. (NASDAQ:GFS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,671 shares of the company’s stock, valued at approximately $726,000.

A number of other institutional investors also recently added to or reduced their stakes in GFS. Pacer Advisors Inc. lifted its position in shares of GlobalFoundries by 8,540.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company’s stock worth $91,265,000 after buying an additional 2,444,018 shares during the last quarter. Analog Century Management LP purchased a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $50,298,000. BNP Paribas Financial Markets purchased a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $22,912,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $16,091,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $11,778,000.

GlobalFoundries Stock Performance

Shares of GFS opened at $36.18 on Tuesday. 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 stock has a market capitalization of $20.00 billion, a P/E ratio of -106.41, a P/E/G ratio of 1.14 and a beta of 1.50. The company’s fifty day moving average is $38.69 and its two-hundred day moving average is $38.20. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $47.69.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. GlobalFoundries had a negative net margin of 2.77% and a positive return on equity of 6.28%. GlobalFoundries’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, sell-side analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

GFS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of GlobalFoundries from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Morgan Stanley cut their target price on shares of GlobalFoundries from $42.00 to $38.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of GlobalFoundries in a report on Monday, May 5th. UBS Group lifted their target price on shares of GlobalFoundries from $37.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, The Goldman Sachs Group assumed coverage on shares of GlobalFoundries in a report on Thursday, July 10th. They issued a “neutral” rating and a $40.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.92.

About GlobalFoundries

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.