WINTON GROUP Ltd Makes New Investment in GLOBALFOUNDRIES Inc. (NASDAQ:GFS)

WINTON GROUP Ltd bought a new position in shares of GLOBALFOUNDRIES Inc. (NASDAQ:GFSGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,143 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds also recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in shares of GLOBALFOUNDRIES in the first quarter valued at approximately $1,932,000. TD Asset Management Inc. purchased a new position in shares of GLOBALFOUNDRIES in the first quarter valued at approximately $200,000. Treasurer of the State of North Carolina boosted its stake in shares of GLOBALFOUNDRIES by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 19,300 shares of the company’s stock valued at $1,205,000 after purchasing an additional 310 shares during the period. Meitav Dash Investments Ltd. purchased a new position in shares of GLOBALFOUNDRIES in the first quarter valued at approximately $558,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of GLOBALFOUNDRIES by 37.6% in the first quarter. Envestnet Asset Management Inc. now owns 9,166 shares of the company’s stock valued at $572,000 after purchasing an additional 2,506 shares during the period. Hedge funds and other institutional investors own 14.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on GFS. Susquehanna raised their target price on shares of GLOBALFOUNDRIES from $75.00 to $80.00 in a report on Wednesday, November 9th. Citigroup reduced their target price on shares of GLOBALFOUNDRIES from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of GLOBALFOUNDRIES from $60.00 to $67.00 in a report on Wednesday, November 9th. Susquehanna Bancshares raised their target price on shares of GLOBALFOUNDRIES from $75.00 to $80.00 in a report on Wednesday, November 9th. Finally, Needham & Company LLC raised their target price on shares of GLOBALFOUNDRIES from $68.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $76.70.

GLOBALFOUNDRIES Stock Performance

Shares of GLOBALFOUNDRIES stock opened at $67.45 on Monday. The firm’s fifty day simple moving average is $55.95 and its 200-day simple moving average is $53.83. The stock has a market capitalization of $35.87 billion and a price-to-earnings ratio of 44.97. GLOBALFOUNDRIES Inc. has a 12 month low of $36.81 and a 12 month high of $79.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.45 and a quick ratio of 1.10.

GLOBALFOUNDRIES Company Profile

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GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies.

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Institutional Ownership by Quarter for GLOBALFOUNDRIES (NASDAQ:GFS)

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