Barclays PLC Purchases 200,059 Shares of GlobalFoundries Inc. (NASDAQ:GFS)

Barclays PLC boosted its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 511,668 shares of the company's stock after purchasing an additional 200,059 shares during the quarter. Barclays PLC owned about 0.09% of GlobalFoundries worth $21,956,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. FMR LLC raised its holdings in GlobalFoundries by 7.5% in the 4th quarter. FMR LLC now owns 53,096,556 shares of the company's stock valued at $2,278,373,000 after acquiring an additional 3,721,153 shares during the period. Invesco Ltd. increased its stake in shares of GlobalFoundries by 10.5% during the fourth quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock worth $100,058,000 after purchasing an additional 221,731 shares during the period. Greenland Capital Management LP acquired a new stake in GlobalFoundries during the 4th quarter worth approximately $6,785,000. Shade Tree Advisors LLC bought a new stake in GlobalFoundries in the 4th quarter valued at $5,096,000. Finally, Norges Bank acquired a new position in GlobalFoundries in the 4th quarter valued at $4,672,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GFS. UBS Group reduced their target price on shares of GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Citigroup cut their price objective on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wedbush reaffirmed an "outperform" rating and set a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. Needham & Company LLC upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley increased their price target on GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.85.

GlobalFoundries Price Performance

Shares of GFS stock traded up $1.42 on Wednesday, hitting $33.13. 2,016,662 shares of the company's stock were exchanged, compared to its average volume of 1,854,931. GlobalFoundries Inc. 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. The company has a 50 day moving average of $37.26 and a 200 day moving average of $40.31. The stock has a market cap of $18.32 billion, a P/E ratio of -69.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. On average, equities research analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.

GlobalFoundries 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.