GlobalFoundries Inc. (NASDAQ:GFS) Shares Bought by Fmr LLC

FMR LLC lifted its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,096,556 shares of the company's stock after acquiring an additional 3,721,153 shares during the period. FMR LLC owned 9.62% of GlobalFoundries worth $2,278,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFS. Signaturefd LLC boosted its stake in shares of GlobalFoundries by 153.9% during the 4th quarter. Signaturefd LLC now owns 678 shares of the company's stock worth $29,000 after purchasing an additional 411 shares during the last quarter. American Century Companies Inc. raised its position in shares of GlobalFoundries by 1.7% in the fourth quarter. American Century Companies Inc. now owns 25,949 shares of the company's stock valued at $1,113,000 after buying an additional 438 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of GlobalFoundries by 7.5% during the fourth 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 during the period. X Square Capital LLC boosted its position in GlobalFoundries by 2.0% during the fourth quarter. X Square Capital LLC now owns 24,813 shares of the company's stock worth $1,065,000 after acquiring an additional 484 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake 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 acquiring an additional 510 shares during the period.

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GlobalFoundries Trading Down 1.9 %

GFS traded down $0.64 during trading on Friday, hitting $33.18. 913,662 shares of the company's stock were exchanged, compared to its average volume of 1,841,894. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $61.98. The stock has a 50 day moving average price of $38.54 and a 200 day moving average price of $40.73. The firm has a market cap of $18.34 billion, a P/E ratio of -68.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results 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%. As a group, analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GFS. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research note on Wednesday, February 12th. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Wednesday, February 12th. Morgan Stanley lifted their price target 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 cut their price objective 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, GlobalFoundries presently has an average rating of "Moderate Buy" and a consensus target price of $49.64.

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.