GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) has received an average recommendation of "Hold" from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $50.21.
GFS has been the topic of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of GlobalFoundries in a research report on Wednesday, November 6th. Robert W. Baird cut their target price on shares of GlobalFoundries from $63.00 to $50.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of GlobalFoundries in a research note on Wednesday, November 20th. They set a "neutral" rating and a $47.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of GlobalFoundries from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Finally, TD Cowen cut their target price on shares of GlobalFoundries from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th.
View Our Latest Stock Analysis on GlobalFoundries
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in GFS. Vanguard Group Inc. lifted its stake in shares of GlobalFoundries by 2.0% in the first quarter. Vanguard Group Inc. now owns 252,416 shares of the company's stock worth $13,153,000 after buying an additional 4,845 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of GlobalFoundries by 47.3% during the first quarter. Lazard Asset Management LLC now owns 2,446 shares of the company's stock valued at $127,000 after purchasing an additional 786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of GlobalFoundries by 15.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,395 shares of the company's stock valued at $907,000 after purchasing an additional 2,363 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of GlobalFoundries by 343.7% during the first quarter. Tidal Investments LLC now owns 94,320 shares of the company's stock valued at $4,915,000 after purchasing an additional 73,060 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of GlobalFoundries by 13.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 8,639 shares of the company's stock valued at $445,000 after purchasing an additional 1,057 shares during the last quarter.
GlobalFoundries Price Performance
Shares of NASDAQ:GFS traded down $1.06 during trading on Tuesday, reaching $43.89. The company had a trading volume of 1,461,187 shares, compared to its average volume of 1,627,970. The company has a fifty day moving average of $40.57 and a two-hundred day moving average of $45.96. The stock has a market capitalization of $24.22 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 10.45 and a beta of 1.53. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $62.61. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%. The firm's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. Equities research analysts forecast that GlobalFoundries will post 1.22 earnings per share for the current year.
About GlobalFoundries
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Get Free ReportGlobalFoundries 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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