Quantbot Technologies LP lowered its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,175 shares of the company's stock after selling 15,587 shares during the quarter. Quantbot Technologies LP's holdings in GlobalFoundries were worth $2,496,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in GlobalFoundries by 153.9% in the 4th quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after acquiring an additional 411 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of GlobalFoundries by 206.4% in the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company's stock worth $45,000 after purchasing an additional 745 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of GlobalFoundries in the fourth quarter worth about $52,000. Advisors Asset Management Inc. boosted its stake in GlobalFoundries by 41.0% during the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company's stock valued at $64,000 after buying an additional 463 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in GlobalFoundries during the third quarter valued at approximately $66,000.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Needham & Company LLC upgraded GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a research report on Wednesday, February 12th. UBS Group lowered their price objective 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. Wedbush restated an "outperform" rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, GlobalFoundries has a consensus rating of "Moderate Buy" and a consensus price target of $49.64.
View Our Latest Research Report on GFS
GlobalFoundries Trading Down 1.9 %
Shares of NASDAQ GFS traded down $0.73 during midday trading on Thursday, hitting $38.02. The company's stock had a trading volume of 2,610,660 shares, compared to its average volume of 1,725,474. GlobalFoundries Inc. has a 12-month low of $35.85 and a 12-month high of $61.98. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a market cap of $21.02 billion, a P/E ratio of -79.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. The business's 50 day moving average is $40.41 and its two-hundred day moving average is $41.20.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. As a group, equities research analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current year.
GlobalFoundries Profile
(
Free Report)
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.
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