Charles Schwab Investment Management Inc. raised its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,872 shares of the company's stock after acquiring an additional 48,380 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in GlobalFoundries were worth $11,280,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its position in GlobalFoundries by 206.4% in the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company's stock valued at $45,000 after purchasing an additional 745 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in GlobalFoundries in the fourth quarter valued at approximately $52,000. Advisors Asset Management Inc. lifted its stake in GlobalFoundries by 41.0% in the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company's stock worth $64,000 after acquiring an additional 463 shares during the last quarter. Truvestments Capital LLC acquired a new position in GlobalFoundries during the 3rd quarter worth approximately $66,000. Finally, Wahed Invest LLC increased its position in shares of GlobalFoundries by 37.4% in the 3rd quarter. Wahed Invest LLC now owns 2,386 shares of the company's stock valued at $96,000 after purchasing an additional 650 shares during the last quarter.
GlobalFoundries Stock Performance
GlobalFoundries stock traded down $0.71 during trading hours on Tuesday, reaching $39.01. 1,905,931 shares of the stock were exchanged, compared to its average volume of 1,715,940. GlobalFoundries Inc. has a 52-week low of $35.85 and a 52-week high of $61.98. The stock has a market cap of $21.52 billion, a P/E ratio of -81.27, a P/E/G ratio of 1.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. The firm's 50 day moving average is $40.52 and its 200 day moving average is $41.23.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. Analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. 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 research note on Wednesday, February 12th. Needham & Company LLC upgraded GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective on the stock in a report on Wednesday, February 12th. Morgan Stanley raised their target price on GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.64.
Check Out Our Latest Analysis 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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