First Trust Advisors LP Grows Stock Position in GlobalFoundries Inc. (NASDAQ:GFS)

First Trust Advisors LP increased its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,118,293 shares of the company's stock after buying an additional 40,527 shares during the period. First Trust Advisors LP owned about 0.57% of GlobalFoundries worth $133,806,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of GlobalFoundries by 7.5% during the fourth quarter. FMR LLC now owns 53,096,556 shares of the company's stock worth $2,278,373,000 after buying an additional 3,721,153 shares during the period. Invesco Ltd. increased its holdings in shares of GlobalFoundries by 10.5% in the 4th quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock valued at $100,058,000 after acquiring an additional 221,731 shares during the last quarter. Geode Capital Management LLC raised its position in shares of GlobalFoundries by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock worth $39,176,000 after acquiring an additional 16,921 shares in the last quarter. Barclays PLC boosted its holdings in shares of GlobalFoundries by 64.2% in the 4th quarter. Barclays PLC now owns 511,668 shares of the company's stock valued at $21,956,000 after buying an additional 200,059 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in GlobalFoundries by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 262,872 shares of the company's stock worth $11,280,000 after acquiring an additional 48,380 shares in the last quarter.

GlobalFoundries Price Performance

Shares of NASDAQ GFS traded up $1.93 during midday trading on Thursday, hitting $35.04. The company had a trading volume of 1,524,767 shares, compared to its average volume of 1,856,534. 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 business has a 50-day simple moving average of $37.06 and a two-hundred day simple moving average of $40.26. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month high of $61.98. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of -73.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share 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%. Equities research analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup dropped their price objective on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. UBS Group cut their price target on GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley increased their price objective on GlobalFoundries from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. Finally, 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.85.

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.