Amundi boosted its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 144,442 shares of the company's stock after purchasing an additional 7,481 shares during the period. Amundi's holdings in GlobalFoundries were worth $6,012,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in GlobalFoundries by 41.0% during the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company's stock valued at $64,000 after buying an additional 463 shares during the period. Private Advisor Group LLC lifted its stake in shares of GlobalFoundries by 7.5% during the 4th quarter. Private Advisor Group LLC now owns 6,698 shares of the company's stock valued at $287,000 after buying an additional 468 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in GlobalFoundries by 1.5% in the 3rd quarter. Royal London Asset Management Ltd. now owns 35,275 shares of the company's stock worth $1,420,000 after buying an additional 510 shares during the period. US Bancorp DE grew its stake in GlobalFoundries by 77.0% in the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company's stock valued at $49,000 after buying an additional 530 shares in the last quarter. Finally, Wahed Invest LLC raised its holdings in GlobalFoundries by 37.4% during the 3rd quarter. Wahed Invest LLC now owns 2,386 shares of the company's stock valued at $96,000 after acquiring an additional 650 shares during the period.
Wall Street Analyst Weigh In
A number of research firms have recently commented on GFS. Wedbush reaffirmed an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, February 12th. Needham & Company LLC upgraded 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. Morgan Stanley lifted their target price on GlobalFoundries from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Finally, UBS Group lowered their price target 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. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.64.
Check Out Our Latest Stock Report on GFS
GlobalFoundries Price Performance
Shares of NASDAQ:GFS traded down $0.09 during trading on Wednesday, reaching $38.59. The company had a trading volume of 784,625 shares, compared to its average volume of 1,674,727. The company has a fifty day moving average of $40.71 and a two-hundred day moving average of $41.35. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $21.29 billion, a P/E ratio of -80.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. GlobalFoundries Inc. has a 12 month low of $35.85 and a 12 month high of $61.98.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released 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 negative net margin of 3.93% and a positive return on equity of 6.05%. Equities research analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.
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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