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

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the company, Marketbeat reports. Six research 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 $48.23.

Several equities research analysts have commented on GFS shares. Citigroup cut their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of GlobalFoundries 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 on the stock in a report on Wednesday, February 12th. UBS Group reduced their target price on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Morgan Stanley increased their price target on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in GlobalFoundries during the 4th quarter valued at $52,000. SG Americas Securities LLC purchased a new stake in shares of GlobalFoundries in the 4th quarter worth about $1,748,000. US Bancorp DE boosted its stake in shares of 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 purchasing an additional 2,280 shares in the last quarter. Geode Capital Management LLC increased its position in shares of GlobalFoundries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock valued at $39,176,000 after buying an additional 16,921 shares during the period. Finally, Polianta Ltd purchased a new stake in GlobalFoundries in the fourth quarter worth about $1,317,000.

GlobalFoundries Stock Performance

GFS traded down $0.36 during trading hours on Friday, hitting $34.87. 491,787 shares of the stock were exchanged, compared to its average volume of 1,853,698. The stock has a market cap of $19.28 billion, a price-to-earnings ratio of -72.70, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. The stock has a 50-day simple moving average of $36.47 and a 200-day simple moving average of $40.16. GlobalFoundries has a 12 month low of $29.77 and a 12 month 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.

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 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%. Analysts anticipate that GlobalFoundries will post 1.31 earnings per share for the current year.

GlobalFoundries Company Profile

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.