Trexquant Investment LP Sells 57,962 Shares of GlobalFoundries Inc. (NASDAQ:GFS)

Trexquant Investment LP decreased its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 88.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,875 shares of the company’s stock after selling 57,962 shares during the period. Trexquant Investment LP’s holdings in GlobalFoundries were worth $338,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of GlobalFoundries by 153.9% during the 4th quarter. Signaturefd LLC now owns 678 shares of the company’s stock valued at $29,000 after purchasing an additional 411 shares during the period. Blue Trust Inc. raised its holdings in GlobalFoundries by 206.4% during the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock valued at $45,000 after acquiring an additional 745 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of GlobalFoundries in the fourth quarter valued at about $52,000. Graney & King LLC purchased a new position in shares of GlobalFoundries in the fourth quarter valued at about $68,000. Finally, US Bancorp DE boosted its stake in shares of GlobalFoundries by 187.2% in the fourth quarter. US Bancorp DE now owns 3,498 shares of the company’s stock worth $150,000 after acquiring an additional 2,280 shares during the period.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock opened at $33.33 on Monday. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of -69.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. The stock has a 50 day moving average price of $38.39 and a 200-day moving average price of $40.68. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $61.98.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GFS. Morgan Stanley boosted their price target on GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. UBS Group lowered their target price on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Needham & Company LLC raised shares of GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Wednesday, February 12th. Finally, Citigroup cut their price objective on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.29.

GlobalFoundries Profile

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.