GLOBALFOUNDRIES Inc. (NASDAQ:GFS – Get Free Report) shares hit a brand new 52-week low throughout mid-day buying and selling on Monday . The corporate traded as little as $38.98 and final traded at $38.98, with a quantity of 216633 shares buying and selling arms. The inventory had beforehand closed at $39.75.
Analysts Set New Worth Targets
A number of brokerages lately commented on GFS. Deutsche Financial institution Aktiengesellschaft lower their worth goal on shares of GLOBALFOUNDRIES from $60.00 to $55.00 and set a “purchase” ranking on the inventory in a analysis be aware on Wednesday, August seventh. Wedbush reiterated an “outperform” ranking and set a $65.00 goal worth on shares of GLOBALFOUNDRIES in a analysis report on Wednesday, August seventh. Cantor Fitzgerald reissued a “impartial” ranking and set a $55.00 goal worth on shares of GLOBALFOUNDRIES in a analysis be aware on Tuesday, July sixteenth. Evercore ISI lowered their worth goal on GLOBALFOUNDRIES from $77.00 to $71.00 and set an “outperform” ranking on the inventory in a report on Wednesday, August seventh. Lastly, Needham & Firm LLC restated a “maintain” ranking on shares of GLOBALFOUNDRIES in a report on Wednesday, August seventh. Seven funding analysts have rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the corporate’s inventory. In line with MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a mean goal worth of $57.54.
GLOBALFOUNDRIES Worth Efficiency
The enterprise has a 50-day transferring common worth of $46.91 and a 200 day transferring common worth of $49.40. The corporate has a present ratio of two.22, a fast ratio of 1.59 and a debt-to-equity ratio of 0.19. The corporate has a market cap of $21.62 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 6.64 and a beta of 1.54.
GLOBALFOUNDRIES (NASDAQ:GFS – Get Free Report) final introduced its earnings outcomes on Tuesday, August sixth. The corporate reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.10. GLOBALFOUNDRIES had a internet margin of 11.82% and a return on fairness of seven.75%. The corporate had income of $1.63 billion for the quarter, in comparison with the consensus estimate of $1.61 billion. Throughout the identical interval within the earlier 12 months, the enterprise earned $0.45 EPS. The corporate’s income was down 11.5% on a year-over-year foundation. As a bunch, analysis analysts count on that GLOBALFOUNDRIES Inc. will publish 1.09 earnings per share for the present fiscal 12 months.
Institutional Buying and selling of GLOBALFOUNDRIES
A number of massive buyers have lately added to or diminished their stakes within the firm. Ghisallo Capital Administration LLC elevated its stake in shares of GLOBALFOUNDRIES by 200.0% within the second quarter. Ghisallo Capital Administration LLC now owns 300,000 shares of the corporate’s inventory value $15,168,000 after buying a further 200,000 shares over the past quarter. Choose Fairness Group L.P. elevated its stake in shares of GLOBALFOUNDRIES by 207.1% within the second quarter. Choose Fairness Group L.P. now owns 187,238 shares of the corporate’s inventory value $9,467,000 after buying a further 126,266 shares over the past quarter. AQR Capital Administration LLC elevated its stake in shares of GLOBALFOUNDRIES by 269.2% within the second quarter. AQR Capital Administration LLC now owns 124,820 shares of the corporate’s inventory value $6,311,000 after buying a further 91,015 shares over the past quarter. AXA S.A. elevated its stake in shares of GLOBALFOUNDRIES by 7.3% within the second quarter. AXA S.A. now owns 39,815 shares of the corporate’s inventory value $2,013,000 after buying a further 2,696 shares over the past quarter. Lastly, Marshall Wace LLP elevated its stake in shares of GLOBALFOUNDRIES by 108.6% within the second quarter. Marshall Wace LLP now owns 2,496,871 shares of the corporate’s inventory value $126,242,000 after buying a further 1,299,687 shares over the past quarter.
GLOBALFOUNDRIES Firm Profile
GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. The corporate manufactures a spread of semiconductor gadgets, together with microprocessors, cellular utility processors, baseband processors, community processors, radio frequency modems, microcontrollers, and energy administration models; and provides mainstream wafer fabrication companies and applied sciences.
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