12,984 Shares in GlobalFoundries Inc. (NASDAQ:GFS) Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC bought a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,984 shares of the company's stock, valued at approximately $557,000.

Several other large investors have also recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in shares of GlobalFoundries by 153.9% in the 4th quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after buying an additional 411 shares in the last quarter. Blue Trust Inc. boosted its stake in GlobalFoundries by 206.4% in 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of GlobalFoundries during the fourth quarter worth about $52,000. Graney & King LLC purchased a new stake in shares of GlobalFoundries in the 4th quarter valued at about $68,000. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of GlobalFoundries by 305.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,102 shares of the company's stock valued at $90,000 after purchasing an additional 1,583 shares during the period.

Analyst Ratings Changes

A number of brokerages have weighed in on GFS. UBS Group reduced their price objective on GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Wedbush reissued an "outperform" rating and set a $60.00 price objective on shares of GlobalFoundries in a research 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 report on Wednesday, February 12th. Morgan Stanley raised 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. Finally, Citigroup reduced their price objective on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, GlobalFoundries presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.29.

Remove Ads

GlobalFoundries Price Performance

GlobalFoundries stock traded up $0.13 during mid-day trading on Monday, reaching $33.46. The company had a trading volume of 483,421 shares, compared to its average volume of 1,845,654. The stock's 50-day simple moving average is $38.39 and its 200-day simple moving average is $40.68. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $61.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.57. The company has a market capitalization of $18.50 billion, a P/E ratio of -69.71, a P/E/G ratio of 1.42 and a beta of 1.54.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. On average, equities analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.

About GlobalFoundries

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.