5,472 Shares in GlobalFoundries Inc. (NASDAQ:GFS) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,472 shares of the company’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mubadala Investment Co PJSC purchased a new position in shares of GlobalFoundries in the fourth quarter worth about $28,451,821,000. Kodai Capital Management LP bought a new position in GlobalFoundries during the 4th quarter worth approximately $67,351,000. Norges Bank purchased a new position in GlobalFoundries in the 4th quarter worth approximately $18,629,000. Dimensional Fund Advisors LP lifted its position in GlobalFoundries by 124.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 488,048 shares of the company’s stock valued at $29,581,000 after purchasing an additional 270,520 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of GlobalFoundries by 267.7% during the second quarter. Renaissance Technologies LLC now owns 354,049 shares of the company’s stock valued at $17,901,000 after purchasing an additional 257,749 shares during the period.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $40.95 on Friday. The company’s fifty day moving average price is $44.71 and its 200-day moving average price is $48.80. The stock has a market cap of $22.59 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 6.36 and a beta of 1.54. The company has a current ratio of 2.22, a quick ratio of 1.59 and a debt-to-equity ratio of 0.19. GlobalFoundries Inc. has a 12 month low of $38.49 and a 12 month high of $62.61.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.10. GlobalFoundries had a net margin of 11.82% and a return on equity of 7.75%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s revenue was down 11.5% compared to the same quarter last year. On average, equities analysts expect that GlobalFoundries Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GFS. Evercore ISI lowered their price target on shares of GlobalFoundries from $77.00 to $71.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. TD Cowen dropped their target price on shares of GlobalFoundries from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of GlobalFoundries in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on GlobalFoundries from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $55.00 target price on shares of GlobalFoundries in a research note on Tuesday, July 16th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.54.

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.