Quantbot Technologies LP Has $2.50 Million Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

Quantbot Technologies LP decreased its position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent disclosure 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 period. Quantbot Technologies LP's holdings in GlobalFoundries were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Royal London Asset Management Ltd. raised its holdings in shares of GlobalFoundries by 17.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 41,503 shares of the company's stock valued at $1,781,000 after buying an additional 6,228 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of GlobalFoundries by 28.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 32,525 shares of the company's stock worth $1,396,000 after acquiring an additional 7,118 shares during the last quarter. OPTIMAS CAPITAL Ltd acquired a new position in shares of GlobalFoundries during the fourth quarter worth approximately $1,802,000. Signaturefd LLC grew its stake in shares of GlobalFoundries by 153.9% during the fourth quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after purchasing an additional 411 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of GlobalFoundries by 25.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 27,695 shares of the company's stock valued at $1,196,000 after purchasing an additional 5,595 shares in the last quarter.

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GlobalFoundries Trading Down 2.0 %

Shares of NASDAQ:GFS traded down $0.81 during mid-day trading on Tuesday, reaching $38.91. The stock had a trading volume of 1,090,527 shares, compared to its average volume of 1,715,940. The firm has a 50 day simple moving average of $40.52 and a two-hundred day simple moving average of $41.23. GlobalFoundries Inc. has a twelve month low of $35.85 and a twelve month high of $61.98. The firm has a market cap of $21.47 billion, a PE ratio of -81.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted 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%. On average, research analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on GFS. Wedbush reaffirmed an "outperform" rating and set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, February 12th. 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 note on Wednesday, February 12th. Needham & Company LLC upgraded GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective for the company in a research 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.64.

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.