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

Versor Investments LP lessened its position in GlobalFoundries Inc. (NASDAQ:GFS) by 7.9% in the 4th quarter, Holdings Channel reports. The fund owned 17,508 shares of the company’s stock after selling 1,500 shares during the period. Versor Investments LP’s holdings in GlobalFoundries were worth $751,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Denali Advisors LLC lifted its stake in shares of GlobalFoundries by 16.7% in the fourth quarter. Denali Advisors LLC now owns 8,516 shares of the company’s stock valued at $365,000 after purchasing an additional 1,216 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of GlobalFoundries by 381.9% in the fourth quarter. Handelsbanken Fonder AB now owns 136,270 shares of the company’s stock valued at $5,847,000 after purchasing an additional 107,994 shares during the period. Private Advisor Group LLC lifted its stake in shares of GlobalFoundries by 7.5% in the fourth quarter. Private Advisor Group LLC now owns 6,698 shares of the company’s stock valued at $287,000 after purchasing an additional 468 shares during the period. CIBC Asset Management Inc lifted its stake in shares of GlobalFoundries by 3.3% in the fourth quarter. CIBC Asset Management Inc now owns 110,046 shares of the company’s stock valued at $4,722,000 after purchasing an additional 3,517 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of GlobalFoundries by 206.4% in the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock valued at $45,000 after purchasing an additional 745 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GFS shares. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday, February 12th. Robert W. Baird reduced their price objective on shares of GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Susquehanna dropped their target price on shares of GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of GlobalFoundries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $40.00 target price on shares of GlobalFoundries in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.64.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $38.77 on Friday. The company has a market cap of $21.39 billion, a PE ratio of -80.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.56. GlobalFoundries Inc. has a 12 month low of $35.85 and a 12 month high of $61.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.57. The company has a 50-day simple moving average of $42.12 and a 200-day simple moving average of $42.07.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. On average, equities analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

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.