8,104 Shares in GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GLOBALFOUNDRIES Inc. (NASDAQ:GFS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,104 shares of the company’s stock, valued at approximately $422,000.

Several other institutional investors also recently modified their holdings of GFS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of GLOBALFOUNDRIES by 50.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 558 shares of the company’s stock worth $34,000 after purchasing an additional 187 shares during the last quarter. Blue Trust Inc. boosted its stake in GLOBALFOUNDRIES by 31.6% in the fourth quarter. Blue Trust Inc. now owns 1,510 shares of the company’s stock worth $88,000 after buying an additional 363 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in GLOBALFOUNDRIES by 128.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 2,471 shares of the company’s stock worth $129,000 after buying an additional 1,391 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in GLOBALFOUNDRIES in the fourth quarter worth approximately $232,000. Finally, Cerity Partners LLC purchased a new stake in GLOBALFOUNDRIES in the fourth quarter worth approximately $272,000.

GLOBALFOUNDRIES Price Performance

Shares of GLOBALFOUNDRIES stock opened at $50.94 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $28.11 billion, a PE ratio of 31.44, a P/E/G ratio of 4.86 and a beta of 1.56. The business has a 50 day moving average of $51.61 and a 200 day moving average of $52.44. GLOBALFOUNDRIES Inc. has a 52 week low of $45.52 and a 52 week high of $63.85.

GLOBALFOUNDRIES (NASDAQ:GFS) last announced its earnings results on Tuesday, May 7th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. GLOBALFOUNDRIES had a return on equity of 8.78% and a net margin of 12.66%. As a group, equities research analysts forecast that GLOBALFOUNDRIES Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

GFS has been the subject of several research reports. HSBC cut their target price on GLOBALFOUNDRIES from $56.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Evercore ISI initiated coverage on GLOBALFOUNDRIES in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $71.00 target price for the company. Jefferies Financial Group began coverage on GLOBALFOUNDRIES in a research note on Monday, May 13th. They issued a “buy” rating and a $62.00 target price for the company. Needham & Company LLC reissued a “hold” rating on shares of GLOBALFOUNDRIES in a research note on Wednesday, May 8th. Finally, Bank of America dropped their price objective on GLOBALFOUNDRIES from $62.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, GLOBALFOUNDRIES presently has a consensus rating of “Hold” and a consensus target price of $59.00.

GLOBALFOUNDRIES 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.