2,500 Shares in GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Purchased by Optiver Holding B.V.

Optiver Holding B.V. acquired a new position in GLOBALFOUNDRIES Inc. (NASDAQ:GFS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,500 shares of the company’s stock, valued at approximately $161,000.

Other institutional investors also recently bought and sold shares of the company. Natixis acquired a new position in shares of GLOBALFOUNDRIES during the 4th quarter worth approximately $38,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of GLOBALFOUNDRIES by 274.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 618 shares of the company’s stock worth $40,000 after acquiring an additional 453 shares during the period. Signaturefd LLC grew its holdings in shares of GLOBALFOUNDRIES by 283.0% in the first quarter. Signaturefd LLC now owns 697 shares of the company’s stock valued at $50,000 after purchasing an additional 515 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of GLOBALFOUNDRIES by 79.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 771 shares of the company’s stock valued at $56,000 after purchasing an additional 341 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of GLOBALFOUNDRIES in the first quarter valued at about $65,000. 14.76% of the stock is currently owned by institutional investors and hedge funds.

GLOBALFOUNDRIES Stock Up 3.7 %

GFS stock opened at $58.42 on Tuesday. The company’s 50 day moving average price is $55.50 and its 200 day moving average price is $58.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.56 and a current ratio of 2.11. GLOBALFOUNDRIES Inc. has a fifty-two week low of $48.12 and a fifty-two week high of $72.50. The firm has a market capitalization of $32.00 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 9.70 and a beta of 1.83.

Analyst Ratings Changes

GFS has been the subject of a number of analyst reports. Citigroup dropped their price objective on shares of GLOBALFOUNDRIES from $77.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. HSBC decreased their target price on shares of GLOBALFOUNDRIES from $65.00 to $64.00 in a research report on Wednesday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of GLOBALFOUNDRIES from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Bank of America decreased their target price on shares of GLOBALFOUNDRIES from $75.00 to $70.00 in a research report on Wednesday, August 9th. Finally, Morgan Stanley decreased their target price on shares of GLOBALFOUNDRIES from $73.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

GLOBALFOUNDRIES Company Profile

GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies.