GlobalFoundries Inc. (NASDAQ:GFS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $49.64.

Several research firms have commented on GFS. Wedbush reissued an "outperform" rating and set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. Needham & Company LLC upgraded shares of 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. Finally, UBS Group cut 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.

Institutional Trading of GlobalFoundries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of GlobalFoundries in the fourth quarter valued at about $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in GlobalFoundries by 1,935.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,210 shares of the company's stock valued at $5,120,000 after buying an additional 120,960 shares during the last quarter. SG Americas Securities LLC acquired a new position in GlobalFoundries in the 4th quarter worth approximately $1,748,000. Weiss Asset Management LP purchased a new position in GlobalFoundries during the 3rd quarter worth approximately $8,361,000. Finally, US Bancorp DE lifted its stake in GlobalFoundries by 187.2% during the 4th quarter. US Bancorp DE now owns 3,498 shares of the company's stock valued at $150,000 after acquiring an additional 2,280 shares during the period.

Remove Ads

GlobalFoundries Stock Down 7.6 %

Shares of NASDAQ GFS traded down $2.81 during midday trading on Monday, reaching $34.37. 4,705,404 shares of the company's stock traded hands, compared to its average volume of 1,802,906. The company has a market cap of $19.00 billion, a price-to-earnings ratio of -71.60, a P/E/G ratio of 1.42 and a beta of 1.57. GlobalFoundries has a one year low of $34.31 and a one year high of $61.98. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The stock's 50 day simple moving average is $39.72 and its 200-day simple moving average is $41.04.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (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%. On average, analysts predict that GlobalFoundries will post 1.31 EPS for the current fiscal 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.