Cambridge Investment Research Advisors Inc. lowered its holdings in GLOBALFOUNDRIES Inc. (NASDAQ:GFS – Get Rating) by 10.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,904 shares of the company’s stock after selling 1,354 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in GLOBALFOUNDRIES were worth $642,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in GFS. Bank of New York Mellon Corp raised its stake in GLOBALFOUNDRIES by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 81,148 shares of the company’s stock worth $5,066,000 after acquiring an additional 1,101 shares in the last quarter. HighTower Advisors LLC increased its position in shares of GLOBALFOUNDRIES by 16.4% during the first quarter. HighTower Advisors LLC now owns 4,455 shares of the company’s stock worth $277,000 after purchasing an additional 627 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of GLOBALFOUNDRIES by 32.9% in the 1st quarter. Citigroup Inc. now owns 5,608 shares of the company’s stock valued at $350,000 after purchasing an additional 1,389 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of GLOBALFOUNDRIES by 131.8% in the 1st quarter. Cibc World Market Inc. now owns 15,986 shares of the company’s stock valued at $998,000 after purchasing an additional 9,090 shares during the period. Finally, Sei Investments Co. purchased a new position in GLOBALFOUNDRIES during the 1st quarter worth approximately $332,000. Institutional investors and hedge funds own 16.08% of the company’s stock.
GLOBALFOUNDRIES Price Performance
Shares of NASDAQ GFS opened at $57.52 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.45 and a current ratio of 1.94. GLOBALFOUNDRIES Inc. has a one year low of $36.81 and a one year high of $72.50. The firm has a market capitalization of $31.51 billion, a P/E ratio of 20.84, a PEG ratio of 9.60 and a beta of 1.96. The company’s fifty day moving average is $62.81 and its two-hundred day moving average is $62.12.
Analyst Upgrades and Downgrades
GLOBALFOUNDRIES Company Profile
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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