OPTIMAS CAPITAL Ltd acquired a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 42,000 shares of the company's stock, valued at approximately $1,802,000. GlobalFoundries makes up about 2.4% of OPTIMAS CAPITAL Ltd's portfolio, making the stock its 19th biggest position.
Several other large investors have also bought and sold shares of the company. FMR LLC boosted its position in GlobalFoundries by 2.4% during the 3rd quarter. FMR LLC now owns 49,375,403 shares of the company's stock valued at $1,987,360,000 after acquiring an additional 1,160,403 shares in the last quarter. State Street Corp lifted its holdings in shares of GlobalFoundries by 8.3% during the third quarter. State Street Corp now owns 1,275,554 shares of the company's stock valued at $51,341,000 after purchasing an additional 98,084 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of GlobalFoundries by 16.0% during the third quarter. Citigroup Inc. now owns 628,259 shares of the company's stock valued at $25,287,000 after purchasing an additional 86,740 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of GlobalFoundries by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 262,872 shares of the company's stock valued at $11,280,000 after purchasing an additional 48,380 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of GlobalFoundries during the third quarter valued at approximately $8,361,000.
GlobalFoundries Trading Up 1.3 %
GlobalFoundries stock traded up $0.50 during midday trading on Friday, reaching $38.63. The stock had a trading volume of 8,360,539 shares, compared to its average volume of 1,706,827. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. GlobalFoundries Inc. has a 52-week low of $35.85 and a 52-week high of $61.98. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of -80.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. The company has a fifty day moving average of $40.54 and a 200 day moving average of $41.25.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. On average, analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently issued reports on GFS. Wedbush reiterated an "outperform" rating and set a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. Morgan Stanley lifted their target price on shares of GlobalFoundries from $40.00 to $42.00 and gave the company 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 for the company in a report on Wednesday, February 12th. Finally, Needham & Company LLC upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.64.
Read Our Latest Research Report on GlobalFoundries
About GlobalFoundries
(
Free Report)
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.
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