GlobalFoundries Inc. $GFS Shares Purchased by AXQ Capital LP

AXQ Capital LP boosted its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 128.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,452 shares of the company’s stock after acquiring an additional 13,769 shares during the quarter. AXQ Capital LP’s holdings in GlobalFoundries were worth $934,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in GlobalFoundries by 4.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,288 shares of the company’s stock valued at $5,053,000 after purchasing an additional 6,022 shares in the last quarter. 111 Capital acquired a new stake in GlobalFoundries in the second quarter valued at $343,000. Vanguard Personalized Indexing Management LLC increased its position in shares of GlobalFoundries by 20.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,100 shares of the company’s stock valued at $615,000 after buying an additional 2,753 shares in the last quarter. Strs Ohio purchased a new position in shares of GlobalFoundries in the first quarter valued at $1,164,000. Finally, GAMMA Investing LLC raised its stake in shares of GlobalFoundries by 134.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock worth $58,000 after buying an additional 877 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on GFS shares. Arete upgraded shares of GlobalFoundries from a “sell” rating to a “neutral” rating and set a $37.00 target price for the company in a report on Wednesday, August 27th. UBS Group dropped their price objective on shares of GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Wedbush upped their target price on GlobalFoundries from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of GlobalFoundries in a report on Wednesday, October 8th. Finally, Bank of America cut GlobalFoundries from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a report on Monday, October 13th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.21.

GlobalFoundries Stock Performance

Shares of GFS opened at $33.99 on Friday. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $47.69. The company’s 50 day simple moving average is $34.38 and its 200 day simple moving average is $35.96. The company has a market capitalization of $18.79 billion, a price-to-earnings ratio of -377.62, a PEG ratio of 1.34 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.24 and a current ratio of 3.03.

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.